Mixed-Use Building with
For Sale
$765,000
9 Church St #9, Lambertville, NJ 08530
A vacant apartment and upper-level loft sit above the currently leased restaurant space.
Property Size2,288 SF
Price / SF$334.35
Days on Market255
Property Features for 9 Church St #9
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Commercial
Zoning
CBD
Additional Details
Floor
1
Multifamily Units
1
Building Details
Building Size
2,288 SF
Year Built
1860
Buildings
1
Stories
2
Units
2
Listing Agency:
Coldwell Banker Hearthside
Listed By:
Barbara Groogan
(908) 996-7151
Source:
Cammarotarealestate
Added: Feb 10
Changed: Oct 22
Last Checked: Oct 22 at 2:37PM
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.
This 2,288-square-foot mixed-use building, constructed in 1860, combines a first-floor restaurant with residential space above. The restaurant unit is leased and includes four rooms, two public restrooms and access to a full basement used for storage. The second-floor apartment is vacant and contains a living room, dining room, two bedrooms and a full bathroom. A third-floor loft and separate storage room add further interior space, while a terrace extends from the living room.
The property is in Lambertville, within a setting of antique shops, galleries and other businesses. New Hope is across the Delaware Bridge. The building is zoned CBD.
The property is in Lambertville, within a setting of antique shops, galleries and other businesses. New Hope is across the Delaware Bridge. The building is zoned CBD.
Key Highlights
- 2,288‑square‑foot mixed‑use property built in 1860
- Leased first‑floor restaurant space with four rooms, two public restrooms and basement storage
- Vacant second‑floor apartment with two bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,990
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,800
$699.8K
Cap Rate 7%
$499,857
$499.9K
Cap Rate 9%
$388,778
$388.8K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$49.4K $21.60/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$46.7K $20.39/SF
− OpEx
−$11.7K −$5.10/SF
NOI
$35.0K $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%
$699,800
Cap Rate 7%
$499,857
Cap Rate 9%
$388,778
Alternative Uses
Best Use
Specialty Retail
$499.9K
$437.4K – $583.2K
NOI $34,990 @ 7.0% cap · market cap 4.57%
Second Best
Mixed Use
$346.8K
$303.4K – $404.6K
NOI $24,273 @ 7.0% cap · market cap 3.17%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
12k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant apartment and upper-level loft sit above the currently leased restaurant space.
Where is this mixed-use property located?
The property is located at 9 Church St #9 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: 2,288‑square‑foot mixed‑use property built in 1860; Leased first‑floor restaurant space with four rooms, two public restrooms and basement storage; Vacant second‑floor apartment with two bedrooms and a full bathroom
