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490 Hamilton St Somerset, NJ 08873

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For Sale
$510,000

High-yield multi-unit building, great location.

Property size:
1,980 SF

Property Features for 490 Hamilton St

General Information

Property type
Other commercial real estate
Square Feet
1,980 SF
Lot Size
6,534 SF

Building Details

Year Built
1970

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Listing Contact
Nicolas J Dimeglio
Nicolas J Dimeglio

Listing Agency: BHHS FOX & ROACH Listing Agent: Nicolas J Dimeglio

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity in Somerset, NJ, presents a 1,980 square foot multi-unit building situated on a 0.15-acre lot. The property features a detached two-car garage, providing ample parking. Currently, the second floor is occupied by a tenant paying a monthly rent of $2,300, generating a strong cash flow. The first floor, previously used as an office space, is currently vacant, offering significant potential for additional income. The building boasts a central air and furnace system, both installed in 2007, ensuring efficient climate control. Separate utility meters for each unit simplify billing and management. The property is priced competitively to facilitate a swift sale. The large lot size offers additional possibilities for expansion or outdoor improvements. This property is ideal for investors seeking a high-return investment with immediate income generation and significant upside potential. The combination of a strong tenant, vacant space for lease, and desirable location makes this a truly compelling opportunity. Don't miss out on this chance to acquire a profitable and well-maintained multi-unit property in a thriving market.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Somerset
County
Somerset
State
New Jersey
Longitude
-74.46302
Latitude
40.49498

FAQs

What type of property is this?
Commercial real estate - High-yield multi-unit building, great location.
Where is this commercial real estate located?
The property is located at 490 Hamilton St Somerset, NJ.
What is the asking price?
The asking price for this property is $510,000.
More about this property
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