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    58 Main St Somerville, NJ 08876

    For Sale
    Contact for pricing

    Downtown Somerville Office Space, 750 SF

    Property size:
    72,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 750-square-foot professional office suite presents a unique opportunity in the heart of downtown Somerville, New Jersey. Situated on the third floor of a building boasting convenient amenities, this space offers unparalleled access to essential services and a vibrant urban lifestyle. The property's location directly across from the County Administration Building and Courthouse provides immediate proximity to government offices and legal professionals. A significant advantage is the 704-car parking garage located within the complex, ensuring ample parking for clients and staff. Further enhancing the appeal, a fitness center is available on-site, promoting employee well-being and convenience. Beyond the building's amenities, the surrounding area offers a wealth of dining and shopping options within walking distance, fostering a dynamic and convenient work environment. The proximity to NJ Transit, just two blocks away, ensures easy access to public transportation, connecting employees to a wider regional network. The asking rent is $22 per square foot, plus taxes and expenses of $2 per square foot. This is a rare opportunity to secure a high-quality office space in a prime location with exceptional accessibility and amenities. The lot size is 1.55 acres. The total building size is 72,000 square feet. This listing presents a compelling investment opportunity for businesses seeking a strategic and well-appointed location in the thriving Somerville business district.

    Property Features for 58 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    72,000 SF
    Lot Size
    67,518 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.60985
    Latitude
    40.56713

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Somerville Office Space, 750 SF
    Where is this commercial real estate located?
    The property is located at 58 Main St Somerville, NJ.
    (732) 469-1515
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    58 Main St Somerville, NJ 08876
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    Somerville, NJ 08876
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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
    58 Main St Somerville, NJ 08876
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