South Side Laundromat | 99 S Main St
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South Side Laundromat 99 S Main St
4,000 SF 100% Leased Retail Building Lambertville, NJ 08530 £1,183,500 (£296/SF)
Investment Highlights
- Commercial and residential rental combined with a highly profitable laundromat business
- One bay garage
- Corner Lot featuring ample parking
Executive Summary
Entrepreneur and Investor Opportunity in Highly Desirable Lambertville, NJ.
Owner retiring -- Three separate income producing properties with solid track records.
1 -- Successful Laundromat with an established customer base having been at this location for over 25 years! Run your own business or hire a manager for this highly profitable, recession proof, cash business. Well-maintained newer equipment with card and coin features. Owner will share financials with qualified interested parties.
2 -- High traffic Commercial Retail Location. Collect rent from this long term tenant.
3 -- Newly renovated One Bedroom Apartment. Great location a stone's throw from Lambertville's nicest park with quick access to the towpath. Rents continue to climb in Lambertville with demand far outpacing inventory.
Owner retiring -- Three separate income producing properties with solid track records.
1 -- Successful Laundromat with an established customer base having been at this location for over 25 years! Run your own business or hire a manager for this highly profitable, recession proof, cash business. Well-maintained newer equipment with card and coin features. Owner will share financials with qualified interested parties.
2 -- High traffic Commercial Retail Location. Collect rent from this long term tenant.
3 -- Newly renovated One Bedroom Apartment. Great location a stone's throw from Lambertville's nicest park with quick access to the towpath. Rents continue to climb in Lambertville with demand far outpacing inventory.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
1910
Price
£1,183,500
Price Per SF
£296
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.66
Land Acres
0.14 AC
Zoning
R2
Parking
6 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
40 ft on S Main St
Amenities
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 17-01050-0000-00028 | Improvements Assessment | £159,819 |
| Land Assessment | £310,869 | Total Assessment | £470,688 |
PROPERTY TAXES
Parcel Number
17-01050-0000-00028
Land Assessment
£310,869
Improvements Assessment
£159,819
Total Assessment
£470,688
-
Erin McManus-Keyes -
Hunterdon Bucks Realty
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South Side Laundromat | 99 S Main St
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