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The Broadmoor 6-8 N Union St

2,916 SF 100% Leased Retail Building Lambertville, NJ 08530 £1,461,518 (£501/SF)

Investment Highlights

  • Highly visible location near the intersection of Bridge and North Union Streets not in a flood zone
  • Prime Real Estate Investment: Established Restaurant and Artist Lofts
  • Excellent income potential with beautifully presented spaces

Executive Summary

8 North Union Street houses one of Lambertville's most popular restaurants, along with four artist lofts above, loved by local artisans for crisp white walls to display artwork and beachy blonde floors. The common area includes a shared half bathroom with a slop sink and a pantry for storing and serving coffee and snacks. The Broadmoor Restaurant is the first floor tenant with an established clientele. This BYOB restaurant has approved seating for 48. The kitchen fit-out includes 2 main gas ovens with a hood system, sinks, and an 8 x 8 walk-in refrigerator in the basement. The tiled basement has ample space for storage, prep, a half bath, and a utility area. Included is a separate trash room with a mop sink. Each floor has separate entrances and utilities. This is a highly visible location right around the block from the Bridge Street intersection and close to the sister town of New Hope, PA. An incredibly rare investment opportunity, the building is not in a flood zone. Restaurant is also for sale separately for $400,000.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,916 SF
Building Class
B
Year Built
1900
Price
£1,461,518
Price Per SF
£501
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.24
Land Acres
0.28 AC
Zoning
CBD - Central Business District. Metered parking
Frontage
31 ft on N Union

Amenities

  • Signage
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 17-01039-0000-00005
  • 17-01039-0000-00003
Land Assessment
£621,580 (2024)
Improvements Assessment
£748,139 (2024)
Total Assessment
£1,369,719 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
  • Listing ID: 33157262

  • Date on Market: 12/09/2024

  • Last Updated:

  • Address: 6-8 N Union St, Lambertville, NJ 08530

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