NJ > Lambertville
Lambertville, NJ 08530,204 N UNION ST
Lambertville, NJ 08530,204 N UNION ST
Lambertville, NJ 08530,204 N UNION ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$6,500,000
Est. payment /mo
28,224 SqFt
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UPDATED:

10/01/2024 10:21 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 28,224 sqft

Price per Sqft $230

MLS Listing ID NJHT2003316

Originating Board BRIGHT

Year Built 1880

Tax Year 2021

Lot Size 1.730 Acres

Acres 1.73

Lot Dimensions 0.00 x 20.00

Property Description

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.

Location

State NJ

County Hunterdon

Area Lambertville City (21017)

Zoning COM

Interior

Hot Water Other

Heating Heat Pump(s), Other

Cooling Ceiling Fan(s), Ductless/Mini-Split, Other

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 70.0

Water Access N

Accessibility Ramp - Main Level, Other, Chairlift

Total Parking Spaces 70

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District South Hunterdon Regional

Others

Tax ID 17-01006-00037

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Bradley J Sanford • River Valley Realty, LLC
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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