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23855638
23855639

61 N Main Street, Lambertville, NJ 08530

MM
PA RS320356, NJ 1112422
Arrow Real Estate Services
Listed by Arrow Real Estate Services
$1,200,000
361 days on market
Updated 19 days ago

PREMIUM MIXED-USE INVESTMENT PROPERTY

Details
Property Type Mixed Use, Retail
Sub Type Restaurant, Storefront
Units 2
Buildings 1
Acreage 0.350
Zoning CBD

PREMIUM MIXED-USE INVESTMENT PROPERTY

Marketing description

This three-story mixed-use building was originally constructed in 1888 and features classic architectural details with modern updates. The structure has been meticulously maintained and underwent significant renovations between 2016-2022.

Building Features:

  • Historic façade with attractive street presence

  • Fully renovated and remodeled 2 Bedroom, 1 ½ Bathroom, Office, Den, Living Room and Kitchen Apartment

  • Full size interior accessed basement (currently storage for restaurant)

  • Wood-framed construction with solid foundation

  • New roof installed in 2016

  • Updated plumbing and electrical systems (2017)

  • Energy-efficient windows and insulation

  • Separate utilities and entrances for retail and residential

  • Rear access with 4 dedicated parking spaces

  • 1st Floor Restaurant: Gas fired furnace/radiator heating, Split system + Window cooling

  • 2nd & 3rd Floor Apartment: Split System Ducted HVAC heating/cooling

Retail Space

The ground floor retail space (1,214 sq ft) is currently occupied by Lambertville Bakehouse, a popular local bakery and café. The space was fully renovated in 2022 and features:

  • Open-concept retail/dining area

  • Professional kitchen with two ventilation hood systems

  • Kitchen ventilation fire suppression system

  • Customer restroom

  • Employee restroom

  • Food preparation and storage areas

  • Rear storage area for trash and retail tenant use

  • Attractive storefront with large display windows

  • Interior accessed basement for additional storage

Residential Apartment

The upper two floors contain a premium 2-bedroom, 2-bathroom apartment (1,323 sq ft) that was fully renovated in 2017. The apartment features:

  • Open-concept living/dining area

  • Modern kitchen with stainless steel appliances

  • Two spacious bedrooms

  • Two full bathrooms

  • In-unit laundry

  • Abundant natural light

  • High-quality finishes throughout

  • Separate entrance and utilities

Investment highlights

  • Stable Income Stream: Long-term retail tenant and consistent residential rental income providing immediate cash flow

  • Prime Location: Situated on Lambertville's main commercial corridor in a premier tourist destination between Philadelphia and New York City

  • Quality Asset: Fully renovated historic building (2016-2022) with modern systems and premium finishes

  • Diversified Revenue: Balanced income from retail and residential components, providing risk mitigation

  • Attractive Financing: Seller financing available for up to 80% of purchase price

  • Limited Competition: Few comparable properties available with similar quality and tenant profile

  • Value-Add Potential: Opportunity for future rent growth in this high-demand market

Listing Contacts

MM
PA RS320356, NJ 1112422
Arrow Real Estate Services
Listed by Arrow Real Estate Services

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