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34 E Somerset St Raritan, NJ 08869

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For Sale
$1,500,000

Value-add property with existing tenant and vacant space.

Property size:
4,868 SF
Lot size:
0.42 Acres

Property Features for 34 E Somerset St

General Information

Size
4,868 SF
Lot size
0.42 Acres

Source: Equity CRE Agent David Laiter

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


Overview

Raritan Retail/Office Building For Sale

This property, offered for sale or lease, is currently occupied by TD Bank, which has recently extended its lease. TD Bank has operated at this location for approximately 15 years, recording over $300 million in deposits in each of the last four years. The building includes an additional approximately 2,738 square feet of vacant space formerly occupied by a medical office on the first floor, as well as approximately 4,000 square feet of vacant space on the lower level. The property is equipped with two drive-thru lanes and ample off-street parking. The subject property is located on Somerset Street (Route 626), just off Route 206 and the Somerville Circle, a major retail corridor and commuter thruway. The property benefits from its location in the market and visibility, making it a strong retail or office location. The property size is 4,868 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Morristown Memorial Wound ... Doctor Morristown Memorial Wound ... Doctor Shah Ashish MD Doctor Morristown Memorial Wound ... Doctor Morristown Memorial Wound ... Doctor

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Raritan
County
Somerset
State
New Jersey
Longitude
-74.6309239
Latitude
40.5683526

FAQs

What type of property is this?
Bank - Value-add property with existing tenant and vacant space.
Where is this bank located?
The property is located at 34 E Somerset St Raritan, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - High-traffic location on Somerset Street (Route 626) near Route 206 and the Somerville Circle.; - Existing TD Bank tenant with lease extension and strong deposit history ($300M+ annually for 4 years).; - Two drive-thru lanes.
More about this property
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