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Property profile & analytics
OFF-MARKET
Commercial real estate

1422 Rte 179 Lambertville, NJ 08530-3414

4,200 SF 4.19 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-1255371
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 4,200 SF
Lot 4.19 ac (182,516 SF)
Zoning code HC
APN 26 00008-0000-00023- 02
UPID US59-1255371
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
1422 Route 79 LLC · 3 yrs held
1422 Route 79 LLC
since 2022
Last sale
$7.8M
3 recorded transactions
2022
$7.8M
2022
Price N/A
2018
$849,500
Zoning & alternative use
HC · Lambertville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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