19 Union StLambertville, NJ 08530

  • Commercial real estate
  • 930 SF
For Sale
$799,000 View listing

Property Details for 19 Union St

Year built
1900
Construction
FRAME
Lot size
0.05 AC
Property size (Sq ft)
930 SF
Zone code
CBD
Property type
Commercial real estate
APN
17 01035-0000-00008
APU
1701035000000008

Description

This exceptional Lambertville, NJ retail property, located at 19 N Union, presents a unique investment opportunity. Priced at $799,000, this 0.05-acre site currently operates as a thriving ice cream shop, offering a fully equipped and operational kitchen, ready for immediate use. The existing business boasts a charming seasonal courtyard accessible via sliders, ideal for outdoor seating and enhancing the customer experience. This turnkey operation is perfect for a seasoned restaurateur seeking an established business or an entrepreneur looking to capitalize on a highly desirable location within Lambertville's vibrant culinary scene. The property's prime location ensures high visibility and foot traffic, contributing to its strong potential for continued success. The existing infrastructure minimizes upfront investment, allowing for a smooth transition and immediate revenue generation. This is a rare chance to acquire a piece of Lambertville's commercial landscape and establish a thriving business in a sought-after area. The property's versatility allows for various uses, making it an attractive option for a range of entrepreneurial ventures. Don't miss this opportunity to own a piece of Lambertville's history and shape its future.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $194,295
    Hospitality
    $177,973
    Educational
    $148,072
    Medical
    $153,164
    Retail
    $230,333

Location Insight

City
Lambertville
County
Hunterdon
State
New Jersey
Latitude
40.3663
Longitude
-74.9453
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
$12,723
$361,300
$222,500
$583,800
-
$361,300
$222,500
$583,800

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