Restaurant & Lounge 156 N Gaston Ave 4,239 SF Retail Building Somerville, NJ 08876 $1,673,268 CAD ($394.73 CAD/SF) 8.95% Cap Rate

- Exceptional 8.95% CAP Rate
A standout return in today's market. Fully occupied and generating income from day one — an investor's dream with immediate, reliable cash flow backed by a long-term lease.
- 8.5-Year Lease — Fully Occupied
8.5 years of remaining lease term (with one 5-year option) with a tenant already in place. No vacancy risk, no ramp-up period — simply collect the income from a stabilized, producing asset.
- 3,198 SF Turnkey Restaurant
Fully operational restaurant with a dining room seating 70, a lounge for 30, and a private room for 25 — 125 total seats. Full kitchen, cozy fireplace, and 2 restrooms.
- 2-Bedroom Residential Apartment
A full 2-bedroom apartment on the second floor — kitchen, full bath, AC, private patio, and attic storage. A valuable income-producing residential component within the same building.
- Corner Location
Highly visible signalized intersection with outstanding street presence and natural foot and vehicle traffic. A location that commands attention from every direction, every day.
- B-4 Zoning — Versatile Permitted Uses
B-4 zoning permits a wide range of uses: medical offices, retail, auto & grocery stores, banks, childcare, and more — offering flexibility well beyond the current restaurant use.
- Minutes to Major Highways
Exceptional regional access: minutes to Routes 22, 28, 202/206, I-287, and I-78 — connecting this corner to the entire Central New Jersey market and beyond.
- Somerville — A Thriving County Seat
Somerville is Somerset County's vibrant county seat — a walkable, award-winning downtown with a bustling dining and retail scene, NJ Transit rail access, and one of the most dynamic small-city markets in New Jersey.
- Strong Somerset County Demographics
Somerset County consistently ranks among New Jersey's wealthiest counties — with median household incomes well above state and national averages and a highly educated, dining-friendly consumer base that supports premium commercial properties.
- Beautiful, Turnkey Property
A meticulously maintained freestanding building on 0.41 acres with exclusive blacktop parking. Built in 1975 and well cared for — this is a true turnkey investment ready for its next owner.