8 Union StLambertville, NJ 08530

Property Details for 8 Union St

Year built

1900

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

2,916 SF

Zone code

CBD

Property type

Other commercial real estate

APN

17 01039-0000-00005

APU

1701039000000005

Description

This exceptional Lambertville, NJ property at 8 N Union Street presents a rare investment opportunity. The building, extensively renovated in 2017 and situated outside of any flood zone, boasts a highly visible location just off the Bridge Street intersection, placing it at the heart of local events like Shad Fest and the Pride Parade. The ground floor is occupied by The Broadmoor Restaurant, a popular BYOB establishment with approved seating for 48 patrons. The restaurant's well-equipped kitchen includes two main gas ovens, a hood system, and an 8x8 walk-in refrigerator, all included in the sale. The basement offers substantial storage, prep space, a half-bath, a utility area, and a separate trash room with a mop sink. Above the restaurant, four artist lofts provide income-generating rental units. These lofts are highly sought after by local artisans, featuring crisp white walls and attractive blonde wood floors. A shared common area includes a restroom with a slop sink and a pantry. Each floor enjoys separate entrances and utilities. The property sits on a 0.03-acre lot and is priced at $1,850,000. This unique blend of commercial and residential space offers significant potential for a savvy investor. Don't miss this chance to own a piece of Lambertville's vibrant downtown.

• Alternative Use

  Use

  Valuation

  Residential

  $609,186

  Hospitality

  $558,011

  Educational

  $464,259

  Medical

  $480,225

  Retail

  $722,180

Location Insight

City

Lambertville

County

Hunterdon

State

New Jersey

Latitude

40.3661

Longitude

-74.9448

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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