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Commercial Building with High Visibility

401 Us Highway 202, Raritan, NJ 08869

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For Sale

$2,500,000

12,000 SF commercial building near Somerville Circle.

Type:Industrial

Property size:

12,000 SF

Lot size:

0.36 Acres

Price / SF:

$208/SF

HighLights

12,000 SF Commercial Building in High Visibility Location (50,000+ Vehicles Per Day)
B‑3 Zone with Permitted Uses: Auto Related, Garage, Retail, Contractors Shop, etc.
Six (6) Overhead Doors and Tailboard Loading
Heavy Power and High‑Capacity Outside Elevator/Lift
Features 2,000 SF Showroom/Office Space
Building Signage Available

We can help!

Contact an agent

WILLIAM GAZI

For Sale

$2,500,000

12,000 SF commercial building near Somerville Circle.

Type:Industrial

Property size:

12,000 SF

Lot size:

0.36 Acres

Price / SF:

$208/SF

Added:: Mar 10, 2026
Days on Market:: 120
Last Refresh:: Jul 2 at 8:19 am

Property Features for 401 Us Highway 202

General Information

Standard status: Active
Size: 12,000 SF
Lot size: 0.36 Acres
Property subtype: Industrial

Building Details

Year Built: 1950

We can help!

Contact an agent

WILLIAM GAZI

Listing office BHHS FOX & ROACH

Listing date Mar 10, 2026

Source Elliman

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 BHHS FOX & ROACH

HighLights

12,000 SF Commercial Building in High Visibility Location (50,000+ Vehicles Per Day)
B‑3 Zone with Permitted Uses: Auto Related, Garage, Retail, Contractors Shop, etc.
Six (6) Overhead Doors and Tailboard Loading
Heavy Power and High‑Capacity Outside Elevator/Lift
Features 2,000 SF Showroom/Office Space
Building Signage Available

Overview

This 12,000 square foot commercial building features six overhead doors, a tailboard, and a 2,000 square foot showroom/office area. It also includes storage areas, a high-capacity outside elevator/lift, and heavy power. The property benefits from high visibility due to its location near Somerville Circle, with building signage available. Over 50,000 vehicles pass the site daily. It is located in a B-3 zone and currently operates as a turnkey wood-working cabinet shop. Permitted uses include auto-related businesses, garages, equipment sales/rental, general business, retail, and plumbing/HVAC contractor shops.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$302.4k	$25.20
− Vacancy	−$25.4k	−$2.12
EGI	$277.0k	$23.08
− OpEx	−$96.9k	−$8.08
NOI	$180.0k	$15.00

12,000 SF · lease $25.20/SF/yr · vacancy 8.40% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $180,049 @ 7.0% cap · market cap 7.20%

Second Best

Retail

$2.45M

$2.14M – $2.85M (±1% cap)

NOI $171,279 @ 7.0% cap · market cap 6.85%

Theoretical Best

Office A

$3.13M

$2.74M – $3.66M (±1% cap)

NOI $219,341 @ 7.0% cap · market cap 8.77%

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

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

CATERING SOLUTIONS — 18 W Somerset St, Bridgewater, NJ 08807
Mangia Buono Caterers — 63 W Somerset St, Raritan, NJ 08869
C & S Catering — 3 1st Ave, Raritan, NJ 08869

Location Insight

Map
Local Demand

City: Raritan
County: Somerset
State: New Jersey
Longitude: -74.6343
Latitude: 40.574

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For sale
Flex space
NJ
Raritan
08869
401 Us Highway 202

What type of property is this?

Flex space - 12,000 SF commercial building near Somerville Circle.

Where is this flex space located?

The property is located at 401 Us Highway 202 Raritan, NJ.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 12,000 SF Commercial Building in High Visibility Location (50,000+ Vehicles Per Day); B‑3 Zone with Permitted Uses: Auto Related, Garage, Retail, Contractors Shop, etc.; Six (6) Overhead Doors and Tailboard Loading