71-75 Main StLambertville, NJ 08530

  • Other commercial real estate
  • 9,975 SF
For Sale
$3,625,000 View listing

Property Details for 71-75 Main St

Year built
1840
Construction
BRICK
Lot size
0.11 AC
Property size (Sq ft)
9,975 SF
Zone code
CBD
Property type
Other commercial real estate
APN
17 01032-0000-00001
APU
1701032000000001

Description

This exceptional Lambertville, NJ investment property, situated on a 0.11-acre lot at 71-75 Main Street North, presents a rare opportunity. Built in 1850, this meticulously maintained building boasts 10,500 square feet of space, seamlessly blending residential and commercial components. The residential portion comprises six fully renovated units: one studio apartment, four two-level one-bedroom apartments, and a stunning three-bedroom unit. Residents enjoy convenient on-site laundry facilities, a private outdoor deck, and basement storage. Ample parking is also available. The commercial space is equally impressive, featuring private offices, a fully equipped kitchen, a dedicated conference room, stylish common areas, and a remarkable finished basement showcasing exposed stone walls. This property benefits from a strong rental history and recently upgraded systems, ensuring consistent income generation. The adjacent lot, currently used for parking, offers significant potential for future expansion, adding further value to this already remarkable investment. Priced at $3,625,000, this property is poised for continued success and offers a compelling blend of historical charm and modern functionality.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,084,029
    Hospitality
    $1,908,960
    Educational
    $1,588,232
    Medical
    $1,642,854
    Retail
    $2,470,583
71-75 Main St, Lambertville, New Jersey

Location Insight

City
Lambertville
County
Hunterdon
State
New Jersey
Latitude
40.3684
Longitude
-74.9438
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$38,401
$362,800
$1,319,600
$1,682,400
-
$362,800
$1,319,600
$1,682,400

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