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    2 E Somerset St Raritan, NJ 08869

    For Sale
    $1,100,000

    Commercial - Raritan Boro, NJ

    Lot size:
    0.07 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 2 E Somerset St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Block, Brick, Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX Classic Group (908) 698-4500 [email protected]

    Listing agent PATRICIA GRISH-KATCHEN (908) 698-4500

    Listing date Nov 19, 2025

    MLS# 3997757 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Raritan Boro Investment Opportunity

    This investment property is located on a corner lot on Thompson Street, offering high visibility in a business/residential district of Raritan Boro, NJ. The property features four rentals, including three updated apartments and a totally remodeled storefront. The roofs are one year old, and the electric service has been updated to 200 amp. New central air conditioning has been installed for the storefront and one apartment. All units are currently occupied. Tenants are responsible for utilities, while the owner pays for water. The property is situated within walking distance of the train station and close to shopping malls. The Somerset County court house is opening across the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.63141
    Latitude
    40.56831

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    FAQs

    What type of property is this?
    Mixed-use property - Four rentals in a business/residential district of Raritan.
    Where is this mixed-use property located?
    The property is located at 2 E Somerset St Raritan, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - High visibility corner lot in a business/residential district.; - Investment property with 4 rental units (3 apartments and 1 storefront).; - All units are currently occupied.
    (908) 698-4500
    Request Owner's contact information
    2 E Somerset St Raritan, NJ 08869
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 E Somerset St Raritan, NJ 08869
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