Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
N/A
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!
Features & Amenities
Interior
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.14
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick, Block
-
Parking
Private, Parking Lot
Financial
-
Sales Price
$1,295,000
-
Tax Amount
13767.0
-
Zoning
Residential, the commercial areas are grandfathered in.
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Location
County
HUNTERDON
Elementary School
LAMBERTVILLE E.S.
Middle School
SOUTH HUNTERDON REGIONAL M.S.
High School
SOUTH HUNTERDON REGIONAL H.S.
Listing Courtesy of Cynthia A Shoemaker-Zerrer , Callaway Henderson Sotheby's Int'l-Lambertville
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