Bought with Revi M Haviv • Compass Pennsylvania, LLC
$750,000
$999,999
25.0%For more information regarding the value of a property, please contact us for a free consultation.
77 S UNION ST Lambertville, NJ 08530
9,148 Sqft Lot
Key Details
Sold Price $750,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJHT2004776
Sold Date 06/18/26
Year Built 1980
Annual Tax Amount $16,394
Tax Year 2025
Lot Size 9,148 Sqft
Acres 0.21
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Exceptional mixed-use investment opportunity in the heart of downtown Lambertville, prominently positioned on the corner of Union and Mt. Hope Streets directly across from a park and just steps from the renowned Inn of the Hawk. This impressive 8,844 sq ft building offers six separate rental units and strong income potential in one of New Jersey's most vibrant river towns.
The property features five 12-foot overhead garage doors and approximately 13-foot ceiling clearance, providing excellent flexibility for a variety of commercial or light industrial uses. Each unit is individually metered with separate gas and electric utilities, offering ease of management and tenant independence.
Currently occupied by established tenants including a fitness studio and hair salon, the building benefits from steady foot traffic and a dynamic surrounding business district. Just a short walk to Lambertville Station, shops, restaurants, and galleries, the location is highly desirable for both tenants and customers alike.
Zoned R-2 with a pre-existing non-conforming commercial use (formerly including a restaurant), the property presents compelling redevelopment potential. Buyers may explore subdivision into townhomes or condominiums, capitalizing on the strong residential demand in the area. The site also offers scenic views of the Delaware & Raritan Canal and adjacent walking path.
Additional highlights include convenient on-street parking and a public parking lot directly across the street accommodating approximately 18 vehicles.
A rare opportunity to own a versatile, income-producing property with redevelopment upside in one of Lambertville's most sought after locations
Location
State NJ
County Hunterdon
Area Lambertville City (21017)
Zoning R-2
Interior
Hot Water Natural Gas
Heating Ceiling
Cooling Window Unit(s)
Flooring Concrete
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility Level Entry - Main
Garage N
Building
Lot Description Cul-de-sac, Level, Subdivision Possible
Foundation None
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Lambertville
Others
Tax ID 17-01052-00012
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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