204 N Union St - Office FOR SALE


Lambertville, NJ 08530
$6,500,000 USD
908-616-2767
204 N Union St, Lambertville, NJ for Sale
$6,500,000 USD
Office - FOR SALE
1/84
null | Request Cap Rate

NEW


204 N Union St
Lambertville, NJ 08530


HIGHLIGHTS

  • Beautiful retail/commercial spaces with great foot traffic and a myriad of unique businesses
  • Offers a great investment opportunity while generating $400,000 of annual net income
  • 28,224 +/- square feet on a 1.73 acre lot, 8 business units, 70 parking spaces (3 accessible) and 2 EV charging units
  • Ideally located close to commercial areas, near the towpath, and just across the river from New Hope PA

OVERVIEW

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 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, the possibilities are endless. Come take a closer look at this unique business opportunity in a thriving river town.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Spokeworks

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C3

APN/PARCEL ID

17-01006-0000-00036

ASK ABOUT THIS PROPERTY

Kim Ward BacsoRiver Valley RealtyMore Info
908-616-2767

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Kim Ward BacsoRiver Valley RealtyMore Info
908-616-2767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.