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Property profile & analytics
OFF-MARKET Estimated value $885,000
Industrial properties

204 Un St Lambertville, NJ 08530-1526

22,547 SF 0.4 ac lot
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US59-1141917
Property summary
AI-generated overview

This exceptional commercial property, located at 204 N Union Street in Lambertville, NJ's vibrant NOLA neighborhood, presents a compelling investment opportunity. The former factory has been meticulously transformed into eight distinct commercial spaces, currently fully leased and generating a substantial annual net income of $400,000. The building boasts a generous 28,224 square feet of space situated on a 1.73-acre lot, providing ample room for a diverse range of businesses. The property includes 70 parking spaces, with three designated as accessible, and two convenient EV charging stations. Tenants currently include artists, a Buddhist Meditation Center, a dispensary, and architecture and design firms, showcasing the property's versatility and appeal. The building is in excellent condition, featuring high ceilings, a recently updated HVAC system, and energy-efficient solar panels on the roof. Attractive landscaping complements the property's curb appeal. Its prime location near commercial areas, the towpath, and across the river from New Hope, PA, ensures high visibility and accessibility. This multi-unit building offers a rare chance to acquire a high-performing commercial property in a thriving river town setting with a proven rental history and strong market-rate leases. The combination of income generation, desirable location, and modern amenities makes this a truly exceptional investment.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction BRICK
Total area 22,547 SF
Lot 0.4 ac (17,424 SF)
Zoning code COM
APN 17 01006-0000-00036
UPID US59-1141917
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
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$885k
Owner & transaction history
Msmj Assoc LLC · 22 yrs held
Msmj Assoc LLC
since 2004
4 recorded transactions
2019
Price N/A
2004
$1
1997
$133,000
1969
Price N/A
Zoning & alternative use
COM · Lambertville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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