77 S Union Street

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