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    1124 12 Raritan, NJ 08869

    For Sale
    $354,000

    Turnkey Double Office Condo, Updated, High Visibility

    Property size:
    8,979 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 8,979 square foot office condo presents a rare investment opportunity in Raritan, NJ. Located at 1124 Route 202, Unit B9,12, this property boasts a prime location, offering easy access to Bridgewater and Route 287. The unit is comprised of two distinct office spaces, each offering a complete and functional layout, perfect for a single user or for separate leasing opportunities. Recent renovations include new carpeting, windows, air conditioning units, and lighting throughout, ensuring a modern and comfortable workspace. Each space features three private offices, a welcoming reception area, a relaxing lounge, two conference rooms, two fully equipped kitchens, and two bathrooms. The property sits on a 0.02-acre lot and is offered at $354,000. This turnkey solution eliminates the need for extensive renovations, allowing for immediate occupancy and potential rental income. The high visibility location on Route 202 ensures excellent exposure for your business. Don't miss this chance to acquire a meticulously maintained and highly desirable commercial property in a thriving New Jersey market. This is a truly unique opportunity to own a versatile and profitable office space. The dual-unit configuration provides flexibility for expansion, consolidation, or generating rental income. The property's recent upgrades ensure a move-in ready condition, minimizing upfront costs and maximizing return on investment.

    Property Features for 1124 12

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,979 SF
    Lot Size
    871 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.65633
    Latitude
    40.5755

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    FAQs

    What type of property is this?
    Office Property / Space - Turnkey Double Office Condo, Updated, High Visibility
    Where is this office property / space located?
    The property is located at 1124 12 Raritan, NJ.
    What is the asking price?
    The asking price for this property is $354,000.
    (201) 445-4300
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    1124 12 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
    1124 12 Raritan, NJ 08869
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