Income-Producing Storefront
For Sale
$849,999
47 47-49 N Main St, Lambertville, NJ 08530
Downtown commercial building with laundromat and restaurant tenants, plus outdoor restaurant seating.
Property Size4,029 SF
Price / SF$210.97
Days on Market61
Property Features for 47 47-49 N Main St
General Information
Standard status
Active
Size
4,029 SF
Restaurant
Patio
Yes
Equipment Included
No
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach - Princeton
Listed By:
Rocco D'Armiento · License #560482
(267) 980-8546
Source:
Soldbypattie
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 15 at 2:26AM
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 BHHS Fox & Roach - Princeton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 47-49 N Main Street is a 4,029-square-foot storefront building constructed in 1900. It includes an operating laundromat and a Mexican restaurant, each occupied by a long-term tenant. The laundromat area received rebuilt floors, walls, and roof in 2021, while the restaurant includes indoor and outdoor seating areas.
Situated on the main thoroughfare in downtown Lambertville, the property is near the Delaware River and within walking distance of the bridge to New Hope, Pennsylvania. The surrounding area is known for dining, antiques, and boutique shopping, with seasonal pedestrian activity described in the property information.
The sale covers the real estate only; the businesses and equipment are excluded.
Situated on the main thoroughfare in downtown Lambertville, the property is near the Delaware River and within walking distance of the bridge to New Hope, Pennsylvania. The surrounding area is known for dining, antiques, and boutique shopping, with seasonal pedestrian activity described in the property information.
The sale covers the real estate only; the businesses and equipment are excluded.
Key Highlights
- 4,029‑square‑foot storefront property at 47‑49 N Main Street
- Operating laundromat and Mexican restaurant with long‑term tenants
- Laundromat floors, walls, and roof rebuilt in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,615
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,300
$1.2M
Cap Rate 7%
$880,214
$880.2K
Cap Rate 9%
$684,611
$684.6K
Market Conditions
NOI Build-Up for 4,029 SF
Gross rent
$87.0K $21.60/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$82.2K $20.39/SF
− OpEx
−$20.5K −$5.10/SF
NOI
$61.6K $15.29/SF
Area
Hunterdon County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,300
Cap Rate 7%
$880,214
Cap Rate 9%
$684,611
Alternative Uses
Best Use
Specialty Retail
$880.2K
$770.2K – $1.03M
NOI $61,615 @ 7.0% cap · market cap 7.25%
Second Best
Retail
$821.5K
$718.8K – $958.5K
NOI $57,507 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.05M
$920.6K – $1.23M
NOI $73,644 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Exxon
Shops & Services
5,323 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,936 visits/mo
0.4 miles
Sunoco
Shops & Services
3,127 visits/mo
0.2 miles
Demographics for 08530, NJ
7,832
Population
3,816
Households
2.1
Avg Household Size
49
Median Age
58%
College-Educated
93%
High-School Grad
27.1 sq mi
ZIP Area
289
Density / Sq Mi
$121,667
Median Household Income
$76,835
Median Earnings
$1,641
Median Rent
$554,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Lambertville Fine Food & Flowers — 76 Bridge St, Lambertville, NJ 08530
- Scarlet Begonias, A Floral Experience — 36 Perry St, Lambertville, NJ 08530
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial building with laundromat and restaurant tenants, plus outdoor restaurant seating.
Where is this storefront property located?
The property is located at 47 47-49 N Main St Lambertville, NJ.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: 4,029‑square‑foot storefront property at 47‑49 N Main Street; Operating laundromat and Mexican restaurant with long‑term tenants; Laundromat floors, walls, and roof rebuilt in 2021
