204 Union StLambertville, NJ 08530

For Sale
$6,500,000

High-Income Multi-Unit Building in NOLA

Overview

Added:
Feb 3
Days on market:
40
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 Details for 204 Union St

Property type
Other commercial real estate
Square Feet
28,224 SF
Year Built
1880
Lot Size (sq. ft)
75,359 SF

Location Insight

City
Lambertville
County
Hunterdon
State
New Jersey
Latitude
40.37405
Longitude
-74.94738
204 Union St, Lambertville, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
204 Union St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message