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 1, 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
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Data last updated on 11/1/2024 at 3:24 AM UTC