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    3 Market St Somerset, NJ 08873

    For Sale
    Contact for pricing

    Versatile freestanding building, ample parking, multiple options.

    Property size:
    2,304 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 2,304 square foot freestanding commercial building presents countless possibilities for a variety of businesses. Strategically located at 3 MARKET ST Unit 1, Somerset, NJ, this property boasts high visibility with entrances accessible from two streets, maximizing exposure to potential customers. The current layout offers a flexible space including two offices, a conference room, a large main area with counters ideal for retail or service-based businesses, a kitchen, and two half baths. A walk-out basement provides additional storage or expansion potential. The property also features off-street parking for eight vehicles, a significant advantage in a busy commercial area. A large rear deck is perfect for outdoor dining or additional customer seating, depending on the business use. The 0.12-acre lot provides ample space. The property is zoned as non-conforming light commercial. Multiple leasing options are available: the entire 2,000 square foot building for $2,700 per month

    Property Features for 3 Market St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,304 SF
    Lot Size
    5,227 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Somerset
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.58128
    Latitude
    40.50316

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile freestanding building, ample parking, multiple options.
    Where is this commercial real estate located?
    The property is located at 3 Market St Somerset, NJ.
    What is the asking price?
    The asking price for this property is $2,700.
    (609) 799-2022
    Request Owner's contact information
    3 Market St Somerset, NJ 08873
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    Somerset, NJ 08873
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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
    3 Market St Somerset, NJ 08873
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