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46 E Somerset St 2,600 SF Vacant Office Building Raritan, NJ 08869 $1,330,134 CAD ($511.59 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 !! Accessible by Supra lockbox or master lock box, call or text listing agent Robert Skinner - 732-492-8419 to schedule showings.
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
$1,330,134 CAD
Price Per SF
$511.59 CAD
Cap Rate
6.01%
NOI
$79,941 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
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Raritan Foot & Ankle Care | Health Care and Social Assistance | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-00110-0000-00003 | Improvements Assessment | $219,824 CAD |
| Land Assessment | $228,589 CAD | Total Assessment | $448,413 CAD |
Property Taxes
Parcel Number
16-00110-0000-00003
Land Assessment
$228,589 CAD
Improvements Assessment
$219,824 CAD
Total Assessment
$448,413 CAD
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46 E Somerset St
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