Active

204 N Union St

Lambertville NJ, 08530

$6,500,000


$230.30 per sqft

Active

28,224 sqft

Commercial

Built in 1880

A former factory has been thoughtfully converted into beautiful retail/commercial spaces with great foot traffic and a myriad of unique businesses. This fantastic commercial building in a vibrant neighborhood of historic Lambertville offers a great investment opportunity while generating $400,000 of annual net income. With 28,224 +/- square feet on a 1.73 acre lot, 8 business units, 70 parking spaces (3 accessible) and 2 EV charging units, this incredible multi-unit building is fully rented with great market rate leases and an excellent rental history. Located in the neighborhood known by locals as NOLA (North End of Lambertville), the building is home to a variety of businesses from artists, to a Buddhist Meditation Center, a popular dispensary, architecture and design firms, and has a net income of $400,000/year. This impressive converted building is in great condition with high ceilings, newer HVAC, solar panels on the roof, wonderful landscaping and plenty of parking and is a rare find in the little City of Lambertville. Ideally located close to commercial areas, near the towpath, and just across the river from New Hope PA, the possibilities are endless. Come take a closer look at this unique business opportunity in a thriving river town.

NJHT2003316

MLS ID

October 1, 2024

Listed

November 22, 2024

Updated

Map

204 N Union St
Lambertville NJ, 08530

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Electric, Natural Gas

Exterior/Building Features

Lot Size

1.73 Acres


Sewer

Public Sewer

Other Property Details

Area Name

LAMBERTVILLE CITY


Days on Market

1


Garage

No


Parking Total

70


View

No


County

HUNTERDON


Water Source

Public


Pool

No

Listed by River Valley Realty, LLC
Listing Contact: 9087976484 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 4:07 AM UTC

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