Lambertville Mixed-Use Income
9 Church St, Lambertville, NJ 08530
For Sale
$765,000
Mixed-use property in Lambertville with restaurant and apartment.
Property Size2,288 SF
Lot Size0.03 Acres
Price / SF$334.35
Days on Market271
Property Features for 9 Church St
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Asphalt Shingle Roof
1 Unit Heating
Baseboard - Hotwater Heating
Built-In Cooling
Wall A/C Unit(s) Cooling
Building Details
Year Built
Listing Agency:
COLDWELL BANKER HEARTHSIDE
(908) 996-7151
Listed By:
BARBARA GROOGAN
(908) 400-1240
Source:
Corcoran
Added: Feb 11
Changed: Aug 15
Last Checked: Aug 25 at 5:06AM
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 COLDWELL BANKER HEARTHSIDE
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Investment Insights
Based on property information with market context.
Located in the heart of Lambertville, this mixed-use property presents an income opportunity, surrounded by antique stores, galleries, and shops. The area, a destination for river town lovers, hosts town events and entertainment. The property is near the Delaware Bridge and the town of New Hope. The structure includes a first-floor unit currently leased as a restaurant, featuring four large rooms, a full basement for storage, and two public restrooms. The second floor contains a charming apartment that is also leased. The apartment includes a living room with a bay window overlooking the street, a dining room currently used as a bedroom, two additional bedrooms, and a full bath. The third floor features a spacious loft with possibilities and a storage room. A terrace off the living room is suitable for outdoor relaxation. The property size is 2288 square feet.
Key Highlights
- Prime location in the heart of Lambertville, surrounded by shops and attractions.
- Income‑generating property with two currently leased units (restaurant and apartment).
- First‑floor restaurant space with 4 rooms, full basement, and 2 restrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,273
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,460
$485.5K
Cap Rate 7%
$346,757
$346.8K
Cap Rate 9%
$269,700
$269.7K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$41.2K $18.00/SF
− Vacancy
−$2.3K −$1.03/SF
EGI
$38.8K $16.97/SF
− OpEx
−$14.6K −$6.37/SF
NOI
$24.3K $10.61/SF
Area
Hunterdon County, NJ
Vacancy
5.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,460
Cap Rate 7%
$346,757
Cap Rate 9%
$269,700
Alternative Uses
Best Use
Mixed Use
$346.8K
$303.4K – $404.6K
NOI $24,273 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Lambertville with restaurant and apartment.
Where is this mixed-use property located?
The property is located at 9 Church St Lambertville, NJ.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Prime location in the heart of Lambertville, surrounded by shops and attractions.; Income‑generating property with two currently leased units (restaurant and apartment).; First‑floor restaurant space with 4 rooms, full basement, and 2 restrooms.
