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    End Ave Somerville, NJ 08876

    For Sale
    $750,000

    0.37-acre lot, $750,000, versatile use.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.37-acre commercial lot presents a unique investment opportunity in the thriving town of Somerville, New Jersey. Located on W End Avenue W, this property offers significant potential for a wide range of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and functionality. The asking price of $750,000 represents a compelling value in the current market, considering the property's prime location and development potential. The absence of existing structures allows for complete customization to suit the specific needs of a prospective buyer. This presents a blank canvas for entrepreneurs and developers seeking to establish a new business or expand an existing operation. The property's location within Somerville offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The surrounding area boasts a vibrant business community and a strong residential base, providing a ready-made customer pool. This versatile property is ideal for a variety of commercial uses, making it an attractive investment for those seeking a high-return opportunity in a desirable location. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is offered as-is. Further due diligence is recommended.

    Property Features for End Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,117 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.61884
    Latitude
    40.57042

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    FAQs

    What type of property is this?
    Commercial real estate - 0.37-acre lot, $750,000, versatile use.
    Where is this commercial real estate located?
    The property is located at End Ave Somerville, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
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    End Ave Somerville, NJ 08876
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    Somerville, NJ 08876
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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
    End Ave Somerville, NJ 08876
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