5 N Union Street Lambertville, NJ $ 995,000
5 N Union Street
$ 995,000
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5 N Union Street

Lambertville, NJ, 08530
$ 995,000
Baths0.0 Sq 2,970

Monthly Estimate*

$ 6,613

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Studio

Commercial Property for sale in Lambertville, NJ

for $995,000. This 2,970 square foot building was built in 1910 on a lot size of 0.02.

Seize this rare opportunity to own a prime piece of real estate in the heart of the charming and historic town of Lambertville, in one of the most coveted and visible locations in town! This exceptional property offers a combination of commercial and residential spaces, making it ideal for entrepreneurs and investors alike. The commercial space, which has been home to a highly successful deli for many years, features an open-concept design that is perfect for a variety of business ventures. It also includes a restroom and a basement with a large commercial walk-in refrigerator. An added bonus is the option to lease parking spaces in front of the building for outdoor dining. The sun-filled, two level apartment, with hardwood flooring throughout and three bedrooms, a dining room, living room, kitchen, laundry, a bathroom, and a top floor attic could be rented or be a place to live while building your business. There are also two convenient off-street parking spaces located at the back. This property is not only situated in a highly visible area of Lambertville, ensuring a constant flow of foot traffic, but it also offers the flexibility of diverse income streams. It really is the perfect package with incredible potential for anyone looking to make their mark in Lambertville!

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Commercial Pending

Price

$ 995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,729

Style

Lot Size

0.02

Year Built

1910

Town/City

Lambertville

County/Region

Hunterdon

MLS | Web ID

NJHT2002460

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 2
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General
Sewer Public Sewer
Heating Central Radiator
Cooling Central A/C
Possession 31-60 Days CD
Roof Asphalt
Zoning CBD
Construction Materials Brick
Exclusions All Kitchen Equipment is Excluded.
Year Built 1910
Property SubType Mixed Use
Tax Year 2021
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality LAMBERTVILLE CITY
Gross Income 61000.00
Business Type Other
Accessibility 36 + wide Halls
County HUNTERDON
Net Operating Income 45807.00
Operating Expense 15193.00
Insurance Expense 3000.00
New Construction N
Property Type Commercial Sale
Possible Use Mixed Use
Water Access Y/N N
Status PENDING
Directions From Bridge St go North onto Union St. property is on the left.
City LAMBERTVILLE
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 0
MLS Area Lambertville City (21017)
Lot Size Units Square Feet
Lot Size Square Feet 706.00
Waterfront Y/N N
Street Name UNION
Tax Annual Amount 11729.0
Electric Expense 0.00
Fuel Expense 0.00
Property Condition Very Good
Trash Expense 0.00
Price Per Sq Ft Total AG 335.02
Vacation Rental Y/N N
Virtual Tour https://www.wellcomemat.com/mls/k1m47f2ee1d1lg0r
Days on Market 84
Standard Status Pending
Year Built Source Assessor
Tax Lot 00014
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private
Water Source Public
Inclusions Stove Hood and Walk-in Fridge. Washer & Dryer. Wardrobe in Apartment Bathroom. Includes a custom sign on the post at the corner of Bridge & N Union Streets.
Type of Parking Driveway
Foundation Details Stone
Water View Y/N N
Building Area Total 2970.00
Lot Dimensions 22.00 x 32.00
Street Suffix STREET
Lot Size Acres 0.02
Lot Size Source Assessor
Land Assessed Value 341000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Callaway Henderson Sotheby's Int'l-Lambertville

Broker

cshoemakerzerrer@callawayhenderson.com

Email

Affordability Calculator

$7,590
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,613
Monthly Property Taxes
$977
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/17/2023$995,000 Listed Price

Map


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5 N Union Street, Lambertville, NJ, 08530 is a Commercial Property for sale at $995,000 with 2,970 sqft and a lot size of 0.02. 5 N Union Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 08530 which is in Lambertville, NJ