Listed By:
Callaway Henderson Sotheby's Int'l-Lambertville
Address
5 N Union Street, Lambertville, NJ
Price
$ 995,000
Property Attributes
  • MLS#NJHT2002460
  • TypePending
  • CountyHUNTERDON
  • CityLambertville
  • AreaLambertville City
  • Zip08530
  • Style
  • Year Built1910
  • Taxes$ 11729
  • Price$ 995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2970
  • Lot Size871 SqFt
Data Source:
Bright MLS
Property Description

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!

Price History
11/17/2023 Listed $995,000

General Features

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
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 No
Property Type Commercial Sale
Possible Use Mixed Use
Water Access Y/N No
Status PENDING
Directions From Bridge St,go North onto Union St.,property is on the left.
ModificationTimestamp 2024-04-17T13:38:26
City LAMBERTVILLE
Buyer Agent Compensation 2.5
MLS Area Lambertville City (21017)
Lot Size Square Feet 706.00
Tax Assessed Value 517200.0
Waterfront Y/N No
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 335.02
Vacation Rental Y/N No
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

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Total Restrooms 2

Exterior Features

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.
Total Parking Spaces 2
Type of Parking Driveway
Foundation Details Stone
Water View Y/N No
Building Area Total 2970.00
Lot Dimensions 22.00 x 32.00
Lot Size Acres 0.02
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 341000.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 08530

Price
AVG $660K
$1,000K
Taxes
AVG $7,739
$11,729
Visits
AVG 393
259
Data Provided by Inside Real Estate®
Year Built
AVG 1942
1910
Walkscore
AVG 41
91
Data Provided by Walkscore® not using MLS data

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