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    49 W Somerset St Raritan, NJ 08869

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    For Sale
    Contact for pricing

    Two-story mixed-use property with retail and residential components.

    Property size:
    5,000 SF
    Lot size:
    0.14 Acres

    Property Features for 49 W Somerset St

    General Information

    Size
    5,000 SF
    Lot size
    0.14 Acres

    Source: Coldwell Banker Commercial NRT Agent Marc Shevin

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

    Overview

    Mixed-Use Property in Downtown Raritan

    This two-story mixed-use property is situated on Raritan's main street, in the heart of downtown Raritan. The current layout features approximately 3,700 square feet of retail space on the first floor and a six-room boarding house on the second floor. Ample parking is available along Somerset Street, as well as paved parking in the rear of the property. The property is zoned B-1 (Central Business District). The property can be sold individually or as part of a portfolio with 11-13-15 Knopf Street, Manville, NJ. The property size is 5,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Mary's Convenience Store Convenience Store Raritan Pastry Shop Bakery

    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
    -74.6298683
    Latitude
    40.5689664

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use property with retail and residential components.
    Where is this mixed-use property located?
    The property is located at 49 W Somerset St Raritan, NJ.
    What are key features of this property?
    This property features: - Prime location on Raritan's main street in the heart of downtown.; - Mixed-use property with retail space and a boarding house.; - Ample parking available on Somerset Street and in the rear.
    (818) 540-4030
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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
    49 W Somerset St Raritan, NJ 08869
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