Corner Retail
45 N Union St Lambertville, NJ 08530
For Sale
$1,399,900
For-sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets.
Property Size7,200 SF
Price / SF$194.43
Days on Market11
Property Features for 45 N Union St
General Information
- Standard status
- Active
- Size
- 7,200 SF
Building Details
- Year Built
- 1890
Listing Agency:
RIVER VALLEY REALTY, LLC
(908) 797-6484
Listed By:
Bradley J Sanford
(908) 797-6484
Source:
Evrealestate
Added: Jul 13
Changed: Jul 23
Last Checked: Jul 23 at 3:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIVER VALLEY REALTY, LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers a total size of 7,200 SF and is positioned on a corner lot for improved street presence.
The building is located at 45 N Union St in Lambertville, NJ, at the intersection of Coryell and N. Union Streets, within Hunterdon County.
The information provided supports the property’s retail storefront configuration and corner placement; additional details on the internal layout, condition, and tenancy are not included.
The building is located at 45 N Union St in Lambertville, NJ, at the intersection of Coryell and N. Union Streets, within Hunterdon County.
The information provided supports the property’s retail storefront configuration and corner placement; additional details on the internal layout, condition, and tenancy are not included.
Key Highlights
- For‑sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets
- Corner location on N Union St and Coryell St in Lambertville
- Building year built: 1890
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $21.60 |
| − Vacancy | −$8.7k | −$1.21 |
| EGI | $146.8k | $20.39 |
| − OpEx | −$44.0k | −$6.12 |
| NOI | $102.8k | $14.27 |
7,200 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,768 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,604 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Scarlet Begonias, A Floral Experience — 36 Perry St, Lambertville, NJ 08530
- Lambertville Fine Food & Flowers — 76 Bridge St, Lambertville, NJ 08530
FAQs
What type of property is this?
Storefront property - For-sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets.
Where is this storefront property located?
The property is located at 45 N Union St Lambertville, NJ.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: For‑sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets; Corner location on N Union St and Coryell St in Lambertville; Building year built: 1890
