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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Cynthia Shoemaker-Zerrer • Callaway Henderson Sotheby's Int'l-Lambertville

$1,250,000

Est. payment - /mo

6,279 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJHT2003648

Year Built 1910

Annual Tax Amount $13,767

Tax Year 2024

Lot Size 6,279 Sqft

Acres 0.14

Lot Dimensions 150.00 x 42.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

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!

Location

State NJ

County Hunterdon

Area Lambertville City (21017)

Zoning R2

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling Window Unit(s)

Flooring Concrete, Hardwood, Carpet

Inclusions All Laundromat Equipment, All Kitchen Appliances in the One Bedroom Apartment.

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

Water Access N

Accessibility No Stairs

Total Parking Spaces 8

Garage N

Building

Lot Description Corner, Level

Sewer Public Sewer

Water Well

New Construction N

Schools

Elementary Schools Lambertville E.S.

Middle Schools South Hunterdon Regional M.S.

High Schools South Hunterdon Regional H.S.

School District South Hunterdon Regional

Others

Tax ID 17-01050-00028

Ownership Fee Simple

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Joseph Lam

+1(856) 305-8329

Broker Associate License ID: 0682262

99 S MAIN ST Lambertville, NJ 08530

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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99 S MAIN ST