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81 Somerset St
Somerville, NJ 08876
Retail Property For Sale
Investment Highlights
- Located in the center of Somerville’s lively and walkable downtown district.
- Offers strong visibility within an established commercial corridor.
- Surrounded by shops, restaurants, and daily conveniences that drive steady local activity.
- Provides easy access to major roadways and public transit for consistent customer flow.
Executive Summary
Turnkey, well established profitable laundromat business for sale with building in the center of downtown Somerville. Great location, high volume drop-off and self-service business, with possibilities to expand washer units and add potential to add a second-floor apartment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,000 SF
Building Class
C
Year Built
1970
Price
$1,259,998 CAD
Price Per SF
$210.00 CAD
Cap Rate
11.73%
NOI
$147,798 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.19 AC
Zoning
commercial - Commercial
Parking
12 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
133’ on Somerset Street
Property Taxes
| Parcel Number | 18-00125-0000-00008 | Improvements Assessment | $445,835 CAD |
| Land Assessment | $156,512 CAD | Total Assessment | $602,347 CAD |
Property Taxes
Parcel Number
18-00125-0000-00008
Land Assessment
$156,512 CAD
Improvements Assessment
$445,835 CAD
Total Assessment
$602,347 CAD
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