Lambertville Mixed-Use Investment
77 S Union St, Lambertville, NJ 08530
Mixed-use property in downtown Lambertville with redevelopment potential.
Type:Commercial
Property size:
8,844 SFPrice / SF:
$169/SF- Added:
- Apr 6, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 8 at 8:08 pm
Property Features for 77 S Union St
General Information
- Standard status
- Active
- Size
- 8,844 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing agent ROCCO DARMIENTO License #560482
Listing office BHHS FOX & ROACH (609) 924-1600
Listing date Apr 6, 2026
Source Corcoran
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
HighLights
- Prime mixed‑use/investment property in the heart of downtown Lambertville.
- Strong income potential from 6 separate rental units.
- Excellent walkability to Lambertville Station, shops, restaurants, and galleries.
- Pre‑existing non‑conforming commercial use offers potential redevelopment opportunity.
- Features 5 oversized 12' high overhead garage doors and approx. 13' ceiling height.
- Located directly across from a park and overlooks the Delaware Raritan Canal and walking path.
Overview
Located in the heart of downtown Lambertville, this mixed-use investment property is situated on the corner of Union Mt. Hope St, directly across from a park and steps from the Inn of the Hawk. The 8,844 SF building features 6 separate rental units with income potential. The property includes 5 oversized 12? high overhead garage doors and approximately 13? ceiling heights. Each unit is separately metered for gas and electric. Current tenants include a fitness studio and a hair salon. The property has excellent walkability to Lambertville Station, shops, restaurants, and galleries. Overlooking the Delaware Raritan Canal and walking path, the property is zoned R-2 with pre-existing non-conforming commercial use (formerly a restaurant). This offers potential redevelopment opportunities for townhomes or condos, subject to buyer verification. On-street parking is available, along with a public lot across the street with approximately 18 spaces. This property is located in a vibrant business district.
Local 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 | $191.0k | $21.60 |
| − Vacancy | −$10.7k | −$1.21 |
| EGI | $180.3k | $20.39 |
| − OpEx | −$54.1k | −$6.12 |
| NOI | $126.2k | $14.27 |
8,844 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.58M – $2.10M
NOI $126,233 @ 7.0% cap · market cap 8.42%
Second Best
Mixed Use
$1.34M
$1.17M – $1.56M
NOI $93,824 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,654 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lambertville
- County
- Hunterdon
- State
- New Jersey
- Longitude
- -74.9439409
- Latitude
- 40.3625299
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in downtown Lambertville with redevelopment potential.
Where is this mixed-use property located?
The property is located at 77 S Union St Lambertville, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime mixed‑use/investment property in the heart of downtown Lambertville.; Strong income potential from 6 separate rental units.; Excellent walkability to Lambertville Station, shops, restaurants, and galleries.
