Log In/Sign Up
Your email has been sent.
46 E Somerset St 2,600 SF Vacant Office Building Raritan, NJ 08869 $1,361,022 CAD ($523.47 CAD/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Within walking distance of the train station.
- In close proximity to all major highways.
EXECUTIVE SUMMARY
This charming building located in busy downtown Raritan boasts 5 exam rooms, a nicely maintained parking lot, storage galore, a basement and attic. The current tenant “Raritan Foot and Ankle” moved out and the lease ends in 2030. This is the perfect time to renovate while collecting your rent ! Near highways 295, 202/206 and the local New Jersey Transit Train Station and other points of interest. A wonderful opportunity here !! Reach me for more upcoming details !!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,600 SF
Building Class
B
Year Built
1910
Price
$1,361,022 CAD
Price Per SF
$523.47 CAD
Cap Rate
6.01%
NOI
$81,797 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,300 SF
Building FAR
0.31
Lot Size
0.19 AC
Zoning
R-3 - 4 years of lease term Leased to Summit Medical NJ 's most prominent Medical Group
Parking
9 Spaces (1.8 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Raritan Foot & Ankle Care
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Raritan Foot & Ankle Care | - | - | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 16-00110-0000-00003 | Improvements Assessment | $221,887 CAD |
| Land Assessment | $230,735 CAD | Total Assessment | $452,622 CAD |
PROPERTY TAXES
Parcel Number
16-00110-0000-00003
Land Assessment
$230,735 CAD
Improvements Assessment
$221,887 CAD
Total Assessment
$452,622 CAD
1 of 33
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
46 E Somerset St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.