99 S Main St - Storefront FOR SALE


Lambertville, NJ 08530
$1,350,000 USD
609-397-1974
99 S Main St, Lambertville, NJ for Sale
$1,350,000 USD
Storefront - FOR SALE
1/60
null | Request Cap Rate

99 S Main St
Lambertville, NJ 08530


OVERVIEW

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. 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!

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R2

APN/PARCEL ID

17-01050-0000-00028

ASK ABOUT THIS PROPERTY

Cynthia Shoemaker-ZerrerCallaway Henderson Sotheby's InternationalMore Info
609-397-1974

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

Cynthia Shoemaker-ZerrerCallaway Henderson Sotheby's InternationalMore Info
609-397-1974

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