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99 S Main St 4,500 SF 100% Leased Retail Building Lambertville, NJ 08530 $1,807,716 CAD ($401.71 CAD/SF)
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,500 SF
Building Class
B
Year Built
1910
Price
$1,807,716 CAD
Price Per SF
$401.71 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.14 AC
Zoning
R2 - Residential, the commercial areas are grandfathered in.
Parking
6 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-01050-0000-00028 | Improvements Assessment | $287,813 CAD |
| Land Assessment | $578,284 CAD | Total Assessment | $866,097 CAD |
PROPERTY TAXES
Parcel Number
17-01050-0000-00028
Land Assessment
$578,284 CAD
Improvements Assessment
$287,813 CAD
Total Assessment
$866,097 CAD
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99 S Main St
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