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    982 Easton Ave Somerset, NJ

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    For Lease
    Contact for pricing

    Retail space available in high-traffic Somerset shopping center.

    Property size:
    1,848 SF
    Lot size:
    26.97 Acres

    Property Features for 982 Easton Ave

    General Information

    Size
    1,848 SF
    Lot size
    26.97 Acres

    Source: Levin Management - Corporate Agent Ed Vasconcellos

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

    Overview

    Retail Space in Somerset Center

    This retail space is located within a 267,613-square-foot shopping center that attracts approximately 1.8 million visits annually. The center is anchored by a high-performing Stop & Shop. Situated on heavily trafficked Easton Avenue at JFK Boulevard, the site offers high visibility and immediate access from Interstate 287 Northbound (Exit 10). The property is located minutes from Rutgers University, providing proximity to a campus with 69,000 students. Recent leasing activity includes McDonald’s and Venus Jewelers in newly expanded spaces. There is a lease pending on the former Kmart space. The available retail space measures 1,848 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Clothing Store

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM, Somerset Village, Easton Center, Rutgers Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5228916
    Latitude
    40.4933734

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in high-traffic Somerset shopping center.
    Where is this shopping center located?
    The property is located at 982 Easton Ave Somerset, NJ.
    What are key features of this property?
    This property features: - High-performing Stop & Shop anchor tenant driving significant customer traffic (1.8 million visits per year).; - High-visibility location on heavily trafficked Easton Avenue at JFK Boulevard with immediate access from Interstate 287 (Exit 10).; - Proximity to Rutgers University, providing access to a large student population (69,000 students).
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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
    982 Easton Ave Somerset, NJ
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