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Lambertville,NJ 08530
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,279 sqft
Price per Sqft $215
MLS Listing ID NJHT2003648
Year Built 1910
Annual Tax Amount $13,767
Tax Year 2024
Lot Size 6,279 Sqft
Property Sub-Type Mixed Use
Property Description
An exceptional opportunity awaits investors and entrepreneurs in highly desirable Lambertville, NJ! The retiring owner is offering an incredible package of three separate income-producing properties, each with a strong performance history and reliable cash flow. Collectively, these properties command a significant footprint, spanning the entire block, and present a rare redevelopment opportunity in one of New Jersey's most in-demand markets. The first is a well-established laundromat that has been a cornerstone of the community for over 50+ years. This recession-resistant business boasts a loyal customer base and a consistent track record of profitability. The laundromat features modern, well-maintained equipment with both card and coin operations. The second property is a highly visible commercial retail space with steady foot traffic and a dependable long-term tenant in place, providing stable rental income and ample designated parking for 8 cars. The third is a newly renovated one-bedroom apartment located just steps from one of Lambertville's most beloved parks and the scenic towpath. With rental demand far outpacing supply, this residential unit benefits from the area's strong rental market and rising rates. A large garage beside the apartment, which is rented separately, has loft storage inside and an automatic door opener. A high visibility location on the corner makes the retail space even more enticing. And, if all of this isn't enough, the laundromat even has its own well water source so no worries about city water bills either! For the visionary investor or developer, this entire block-sized assemblage offers exciting potential for redevelopment. The site could be reimagined as luxury townhomes, capitalizing on Lambertville's enduring appeal or simply swoop in and benefit from the immediate cash flow this amazing opportunity provides!
Location
State NJ
County Hunterdon
Area Lambertville City (21017)
Zoning R2
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Flooring Concrete,Hardwood,Carpet
Inclusions All Laundromat Equipment, All Kitchen Appliances in the One Bedroom Apartment.
Exterior
Garage Spaces 8.0
Water Access N
Building
Lot Description Corner,Level
Sewer Public Sewer
Water Well
New Construction N
Schools
Elementary Schools Lambertville E.S.
Middle Schools South Hunterdon Regional M.S.
High Schools South Hunterdon Regional H.S.
School District South Hunterdon Regional
Others
Special Listing Condition Standard