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Property profile & analytics

1422 Rte 179 Lambertville, NJ 08530-3414

  • Commercial real estate
  • 4,200 SF
  • 4.19 lot acres
OFF-MARKET
Last Sale
Dec 08, 2022
$7,800,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-1255371
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1422 Rte 179

Lot size
4.19 lot acres
Property size
4,200 SF
Zone code
HC
Property type
Commercial real estate
APN
26 00008-0000-00023- 02
APU
260000800000002302

Description

This exceptional commercial property, situated on 14.98 acres in Lambertville, NJ, at 1422 Route 179, presents a unique opportunity. The property comprises a 30,000 square foot divisible flex space within the extensively renovated historic former West Amwell School Building. Offering spaces ranging from 1,500 to 30,000 square feet, this versatile location is ideal for a variety of businesses. Many units boast 24-foot high ceilings and private bathrooms. The landlord is committed to customization, offering retrofitting options within reason, including the potential addition of loading docks or drive-in doors at their expense. The all-inclusive lease rate of $15 per square foot covers heat, air conditioning, restrooms, exterior and common area maintenance, water, gas hot water, pest control, snow removal, sewer, parking, exterior security, trash removal, and electricity. The property also features robust 1600-amp 120/208V 3-phase heavy power. Seven tenants are already in place, highlighting the property's desirability. For a limited time, new tenants receive one month of free rent for each year of their lease term. Furthermore, a complimentary fit-out allowance is available for certain alterations, such as wall removal or dock additions. Ample parking is available on the expansive grounds. Floor plans detailing available spaces are available upon request. Note that the lease does not include personal security systems, internet, or unit cleaning. Artistic renderings depict proposed exterior renovations and future development plans.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Lambertville
County
Hunterdon
State
New Jersey
Longitude
-74.9178
Latitude
40.3852
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,440
$103,572
$588,000
$691,572
-
$103,572
$588,000
$691,572
More about this property
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