Property profile

2 4Th St Somerset, NJ 08873

OFF-MARKET
Commercial real estate
30,000 SF 3 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional commercial property, located at 2 JFK Boulevard, Units 1 & 4 in Somerset, New Jersey, offers a substantial 30,000 square feet of versatile space situated on a 3-acre lot. The property is ideally positioned across from Rutgers Plaza, a major shopping mall, ensuring high visibility and foot traffic. The building features an elevator for convenient access. A significant portion of the space includes a 1,600 square foot second-floor office location, perfect for a variety of business needs. The property's prime location offers excellent opportunities for retail or office use, benefiting from the high volume of shoppers and commuters in the area. The property's strategic placement next to a newly opened marijuana retail store presents a unique adjacency advantage, potentially attracting a specific clientele. This expansive property provides ample space for a wide range of commercial ventures, capitalizing on its exceptional location and convenient amenities. The asking price for this significant commercial opportunity is $16 million. This is a rare chance to acquire a substantial property in a high-demand location. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Year built 1985
Total area 30,000 SF
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 4Th St Somerset, NJ 08873
Somerset metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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