1124 12, Raritan, NJ 08869
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.