61 N. Main St
PREMIUM MIXED-USE INVESTMENT PROPERTY
Marketing description
61 N. Main Street represents an exceptional investment opportunity in the heart of historic Lambertville, New Jersey. This fully stabilized mixed-use property features a ground-floor retail space occupied by Lambertville Bakehouse with a long-term lease through 2029, and a luxury two-bedroom apartment on the upper floors with consistent rental history. Originally constructed in 1888, the 3 story woodframed building with stone full basement has undergone extensive modernization and renovations since 2016 with all modern, existing systems in place. There are no immediate capital improvements required at this time.
61 N. Main Street is strategically located in the heart of Lambertville’s main commercial corridor. Lambertville is a premier tourist and vacation destination, part of the riverfront communities called the “Delaware River Valley Towns” region, ideally positioned between Philadelphia and New York City.
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.
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
- High visibility on the main commercial street
- Strong foot traffic from tourists and locals
- Proximity to complementary businesses and attractions
- Easy access to major transportation routes
- Part of a vibrant, walkable downtown district
- 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
- 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
- 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
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