Property Description
This strategically located **2.75-acre** redevelopment site at **669 Whitehead Road, Lawrence Township, NJ**, offers a premier opportunity for self-storage
redevelopment. Improved with a **1,900 SF** vacant former bank branch, the property features approximately **275 feet of frontage** on Whitehead Road, **three
existing curb cuts**, and a dedicated turn lane for excellent accessibility. Currently zoned **Office (O)**, the site is ideally positioned for redevelopment, benefiting from
strong traffic counts, established surrounding commercial uses, and favorable market demand, providing investors with significant long-term value creation potential.
This combination of **excellent visibility, strong accessibility, favorable market demand, and significant redevelopment potential** makes the property
a compelling investment opportunity for developers and self-storage operators seeking long-term value creation in the Lawrence Township market.
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 – $20.5M.
• 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 risk with favorable factors, including existing vacancy, commercial surroundings, and sufficient parcel size for buffering.
• Experienced Brokerage: LC Realty, specializing in self-storage, provides a robust valuation and market expertise.
• Zoning & Entitlement Risk: Current O (Office) zoning requires a use variance or rezoning for self-storage.
• Development & Construction Risk: Project involves demolition and new construction.
• Market Absorption Risk: While demand is strong, absorption rates for new supply can vary.
Contact Broker:
Linda Cinelli, CCIM
908-303-8661