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9-Unit Triangle Flex Space
For Lease
$2,850,888

106 Somerset Street, Garfield, NJ 07026

Triangle-shaped flex property beside a commuter rail station, with close highway access and multiple commercial configurations.

Space SizeContact for details
Days on Market53

Property Features for 106 Somerset Street

General Information

Standard status Active
Property subtype Retail

Taxes and HOA fees

Annual Taxes $38,269
Listing Agency: Prominent Properties Sotheby's International Realty-Tenafly
Listed By: Christian C. Di Stasio · License #1757464
Source: Drostrealtygroup
Added: Sep 1 Changed: Oct 17 Last Checked: Oct 21 at 4:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prominent Properties Sotheby's International Realty-Tenafly

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Investment Insights

Based on property information with market context.

This triangle-shaped flex property contains approximately 23,000 square feet arranged across nine units. The configuration supports a range of commercial formats identified for the building, including industrial, storage, logistics, office, retail, and creative space.

The property is directly beside Passaic Street Train Station in Garfield, placing rail transit immediately adjacent to the building. Highway access is also nearby, adding another transportation connection for the site.

Key Highlights

  • Approximately 23,000 SF of flex space
  • Nine‑unit commercial configuration
  • Triangle‑shaped building

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home (Bike/Boat/Book/etc) Store Dental Office Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,878
Businesses Nearby
Balanced
Demand for This Use

Demographics for 07026, NJ

32,655
Population
12,234
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
15,550
Density / Sq Mi
$75,701
Median Household Income
$44,462
Median Earnings
$1,612
Median Rent
$454,300
Median Home Value
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Similar Off Market Nearby

  • Gold Chef Services — 225 Passaic St, Passaic, NJ 07055
  • Alka C Rana Catering — 23 Van Kruiningen Ct Apartment 222, Wallington, NJ 07057
  • Michele's Catering Inc — 32 Passaic St, Garfield, NJ 07026
  • Pierogi More — 40 Spencer Pl, Garfield, NJ 07026
  • More Cheese Please NJ — 63 Harrison Ave, Garfield, NJ 07026

Frequently Asked Questions

What type of property is this?
Flex space - Triangle-shaped flex property beside a commuter rail station, with close highway access and multiple commercial configurations.
Where is this flex space located?
The property is located at 106 Somerset Street Garfield, NJ.
What is the lease rate?
The lease rate is $2,850,888.
What are key features of this property?
This property features: Approximately 23,000 SF of flex space; Nine‑unit commercial configuration; Triangle‑shaped building
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