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Investment Highlights

  • Completely Renovated Flex Space
  • Additional Lot included Lots 22, 26,27,28
  • Private Parking Lot
  • Heavy Power

Executive Summary

Recently updated flex space in desirable Franklin Township (Somerset) location. Ideal for contractors, distribution, warehouse, office and other type users. Warehouse section is approximately 1,600 SF with 10' high ceilings, drive-in door, painted floors, utility sink, storage racks, and a work area. Office area includes a conference room, executive office, kitchenette, full restroom with shower. Building also has an alarm system, security cameras, back-up generator, heavy power, recently paved and striped fenced- in parking lot, brand new roof. and much more-Owner a Building Contractor. Includes additional lots= Block 135.01 Lots: 21, 22, 26, 27, 28 see photos. Potential Owner Financing. Lease Purchase Option. Vacant and ready to go! Call for more details.

Taxes & Operating Expenses (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $13,706 $3.81
Operating Expenses $2,735 $0.76

Taxes & Operating Expenses (Actual - 2024)

Taxes (CAD)
Annual $13,706
Annual Per SF $3.81
Operating Expenses (CAD)
Annual $2,735
Annual Per SF $0.76
Total Expenses (CAD)
Annual $16,441
Annual Per SF $4.57

Property Facts

Price $1,641,216 CAD
Price Per SF $455.89 CAD
Sale Type Owner User
Sale Condition Lease Option
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Freestanding
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 0.16 AC
Rentable Building Area 3,600 SF
No. Stories 1
Year Built/Renovated 2010/2022
Tenancy Single
Parking Ratio 3.33/1,000 SF
Clear Ceiling Height 10’
No. Drive In / Grade-Level Doors 1
Zoning HBD - Hamilton Street Business District (HBD)

Amenities

  • Fenced Lot
  • Security System
  • Signage
  • Yard
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 08-00135-01-00026
  • 08-00135-01-00021
Land Assessment
$461,690 CAD (2025)
Improvements Assessment
$862,278 CAD (2025)
Total Assessment
$1,323,968 CAD (2025)
Annual Taxes
$13,706 CAD ($3.81 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 32839711

  • Date on Market: 2024-08-16

  • Last Updated:

  • Address: 60 Millstone Rd, Somerset, NJ 08873

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