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    34 Somerset St Raritan, NJ 08869

    For Sale
    $1,700,000

    High-traffic location, 4,868 sq ft.

    Property size:
    4,868 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional retail property, located at 34 E Somerset Street in Raritan, New Jersey, presents a compelling investment opportunity. Boasting a generous 4,868 square feet of space, this property is ideally situated for a variety of retail businesses. The building sits on a sizable 0.52-acre lot, offering ample room for customer parking and potential expansion. Its prime location in Raritan ensures high visibility and accessibility, attracting significant foot traffic and driving potential sales. The asking price is $1,700,000, representing a strong value proposition for a property of this size and location in a thriving New Jersey market. The property's substantial square footage allows for flexible layout configurations, catering to diverse business needs. This presents a unique chance to establish or expand a retail presence in a vibrant community. The 0.52-acre lot provides ample space for outdoor displays, seating areas, or additional parking, enhancing the overall customer experience. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new business owners. Don't miss this chance to secure a prime retail location in a desirable New Jersey town.

    Property Features for 34 Somerset St

    General Information

    Property type
    Retail properties
    Square Feet
    4,868 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1985
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morristown Memorial Wound ... Doctor Morristown Memorial Wound ... Doctor Shah Ashish MD Doctor Morristown Memorial Wound ... Doctor Morristown Memorial Wound ... Doctor

    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
    -74.63089
    Latitude
    40.56826

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, 4,868 sq ft.
    Where is this retail property located?
    The property is located at 34 Somerset St Raritan, NJ.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (610) 645-7700
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    34 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
    34 Somerset St Raritan, NJ 08869
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