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54 North Franklin Street

54 North Franklin Street, Lambertville, NJ 08530 - For Sale

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Photos

Description

  • 3,201 SF Restaurant/Retail Space, Immediately Available.
  • 2 Story Brick Building with 1 Car Garage
  • Township of Lambertville, Hunterdon County
  • Situated in a very walkable area, many amenities can be reached  on foot.
  • Close to Routes 179, 29; Bridge to New Hope PA; nearby Delaware Canal State Park.
  • Access to major highways.
  • About the property:  •  54 North Franklin Street is an iconic building, now housing DeAnna’s restaurant, with loyal customers for 27 years (est.1990); grew consistently every year, even in financially challenging times  •  History: building on 54 N. Franklin Street shown on first original 1878 map of Lambertville; later Mason’s Bar for 65 years  •  2002: obtained permission for 68 seats, outside dining and parking; followed by total restructuring, new wiring and plumbing.  •  2015: created great party space by paving and replanting; space seats 40 guests (with tent rental); stone walled garden area with fountain  •  2016: heavy duty generator installed (after Hurricane Sandy)  •  Fire alarms are through Vector Security in Princeton  •  Part of interior fitted with vintage cabinets.
  • Ample Parking: Two Lots: (1) behind the building; (2) larger lot at South end of property; (parking is essential in a town that is 1.1 sq. miles).
  • On Mondays, in spring and summer, the areas only farm market is held in this parking lot, drawing big for this demographic.
  • Property includes fully renovated apartment (2015);  for rent (approx. $1,500/month).

Property Details

Property Type:
Retail
Land Area:
5,040 SF
Space Available:
3,201 SF
Sale Price:
$2,350,000
Taxes:
$14,935.89 annually 
Parking:
abundant, 2 lots
Stories:
2
Zoning:
R-2
Parcel No:
Block 1078, Lots 1 + 2

Fact Sheets and Floor Plans

Fact Sheet

Property Location