ADDRESS
62 E Park Place
Morristown, NJ 07960
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Exceptional opportunity awaits investors and entrepreneurs in highly desirable Lambertville!The retiring owner is offering an incredible package of 3 sep. income-producing properties, each with a strong performance history and reliable cash flow.These properties command a significant footprint, spanning the entire block, and present a rare redevelopment opportunity in one of New Jersey's most in-demand markets. Well-established laundromat that has been a cornerstone of the community for over 50 years. This recession-resistant business boasts a loyal customer base and a consistent track record of profitability.The laundromat features modern, well-maintained equipment with both card and coin operations.The second property is a highly visible commercial retail space with steady foot traffic and ample designated parking. Third is a newly renovated one-bed apartment located just steps from one of Lambertville's most beloved parks and the scenic towpath. Big garage is rented separately w/loft storage w/automatic door opener.High visibility corner location makes the retail space even more enticing.The laundromat even has its own well water so no worries about city water bills. For the visionary investor or developer, this entire block-sized assemblage offers exciting potential for redevelopment.The site could be reimagined as luxury townhomes, capitalizing on Lambertville's enduring appeal or simply swoop in and benefit from the immediate cash flow this amazing opportunity provides!
4 weeks ago | Listing updated with changes from the MLS® | |
4 weeks ago | Listing first seen on site |
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