204 Union StLambertville, NJ 08530

Property Details for 204 Union St

Construction

BRICK

Lot size

0.40 AC

Property size (Sq ft)

22,547 SF

Zone code

COM

Property type

Industrial properties

Property subtype

Other industrial properties

APN

17 01006-0000-00036

APU

1701006000000036

Description

This exceptional commercial property, located at 204 N Union Street in Lambertville, NJ's vibrant NOLA neighborhood, presents a compelling investment opportunity. The former factory has been meticulously transformed into eight distinct commercial spaces, currently fully leased and generating a substantial annual net income of $400,000. The building boasts a generous 28,224 square feet of space situated on a 1.73-acre lot, providing ample room for a diverse range of businesses. The property includes 70 parking spaces, with three designated as accessible, and two convenient EV charging stations. Tenants currently include artists, a Buddhist Meditation Center, a dispensary, and architecture and design firms, showcasing the property's versatility and appeal. The building is in excellent condition, featuring high ceilings, a recently updated HVAC system, and energy-efficient solar panels on the roof. Attractive landscaping complements the property's curb appeal. Its prime location near commercial areas, the towpath, and across the river from New Hope, PA, ensures high visibility and accessibility. This multi-unit building offers a rare chance to acquire a high-performing commercial property in a thriving river town setting with a proven rental history and strong market-rate leases. The combination of income generation, desirable location, and modern amenities makes this a truly exceptional investment.

Location Insight

City

Lambertville

County

Hunterdon

State

New Jersey

Latitude

40.3741

Longitude

-74.9474

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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