204 Un St Lambertville, NJ 08530-1526
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.
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
COM · Lambertville, NJCosts & 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.