204 N Union St
$6,500,000
204 N Union St, Lambertville, Nj 08530
28,224 sqft
Building Size
1880
Year Built
Details:
Highlights:
- Days on Market: 131
- Parking Features: Electric Vehicle Charging Station(s), Handicap Parking, Private
- Heating: Heat Pump(s), Other
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
Gallery
