Property Description
This investment opportunity features a 2.75-acre, 100% vacant former bank branch property in Lawrence Township, New Jersey,
offering exceptional redevelopment potential for self-storage. Offered at $2,000,000, the property benefits from strong traffic
counts, favorable entitlement potential, and growing demand for self-storage in the surrounding market, making it an attractive
value-add opportunity for investors and developers.
Property Details
Property Name:
Lawrence Township Self-Storage
Address:
669 Whitehead Rd, Trenton, NJ 08648, USA
County:
Mercer
Acreage:
2.75
Gross SF:
119,790
Rentable SF:
Total Units:
Buildings:
1
Year Built:
N/A
Investment Highlights
High and Best Use: Property is ideally suited for self-storage redevelopment given its size, location, and market demand.
Strong Redevelopment Upside: Recommended asking price of $2,000,000 supports a projected stabilized development value of $17.2M – $18.5M.
Favorable Location: Excellent site accessibility with 275' frontage on Whitehead Rd, 3 curb cuts, and proximity to major arterials (39,721 VPD on Trenton
Freeway). Market Demand: 3-mile radius implies approximately 325,000 SF of self-storage demand, with the proposed facility representing ~21.5% of
this demand. Entitlement Potential: Moderate entitlement with favorable factors, including existing vacancy, commercial surroundings, and sufficient
parcel size for buffering.
Development & Construction
Market Absorption
: Project involves demolition and new construction.
:While demand is strong, absorption rates for new supply can vary.
Contact Broker:
Linda Cinelli, CCIM
908-303-8661