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 Market14
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
(267) 980-8546
Listed By:
Rocco D'Armiento · License #560482
Source:
Thebansalteam
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 30 at 7:20PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,615
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
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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
