1422 Rte 179 Lambertville, NJ 08530-3414
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Lambertville, NJLambertville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.