An exceptional opportunity awaits investors and entrepreneurs in highly desirable Lambertville, NJ! The retiring owner is offering an incredible package of three separate income-producing properties, each with a strong performance history and reliable cash flow. Collectively, these properties command a significant footprint, spanning the entire block, and present a rare… Read More redevelopment opportunity in one of New Jersey's most in-demand markets. The first is a well-established laundromat that has been a cornerstone of the community for over 50+ years. This recession-resistant business boasts a loyal customer base and a consistent track record of profitability. The laundromat features modern, well-maintained equipment with both card and coin operations. The second property is a highly visible commercial retail space with steady foot traffic and a dependable long-term tenant in place, providing stable rental income and ample designated parking. The third is a newly renovated one-bedroom apartment located just steps from one of Lambertville's most beloved parks and the scenic towpath. With rental demand far outpacing supply, this residential unit benefits from the area's strong rental market and rising rates. A large garage beside the apartment, which is rented separately, has loft storage inside and an automatic door opener. A high visibility location on the corner makes the retail space even more enticing. And, if all of this isn't enough, the laundromat even has its own well water source so no worries about city water bills either! For the visionary investor or developer, this entire block-sized assemblage offers exciting potential for redevelopment. The site could be reimagined as luxury townhomes, capitalizing on Lambertville's enduring appeal or simply swoop in and benefit from the immediate cash flow this amazing opportunity provides! Read Less
Courtesy of Cynthia A Shoemaker-Zerrer, Callaway Henderson Sotheby's Int'l-Lambertville, 609-397-1974
Listing Snapshot
Days Online
593
Last Updated
Property Type
Commercial
Square Ft.
6,279
Lot Size
0.14 Acres
Year Built
1910
MLS Number
NJHT2003648
Additional Details
Building
Built in 1910, Construction Materials: Brick, Block
Cooling
Window Unit(s)
Accessibility Features
No Stairs
Floors
Concrete, Hardwood, Carpet
Heating
Baseboard - Hot Water
Lot
0.14 acres, Dimensions: 150.00 x 42.00, Corner, Level
Parking
Private
Property
Very Good
Sewer
Public Sewer
Taxes
Annual Amount: $13,767, Lot: 00028, Year: 2024, Zoning: R2, Zoning description: Residential, the commercial areas are grandfathered in.
Utilities
Water Source: Well
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