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46 E Somerset St, Unit Raritan Raritan, NJ 08869

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For Sale
$975,000

Office building with lease in place until January 31, 2030.

Property size:
2,428 SF
Lot size:
0.19 Acres

Property Features for 46 E Somerset St

General Information

Standard status
Active
Size
2,428 SF
Lot size
0.19 Acres

Building Details

Year built
1910

Source: C21/ ACTION PLUS REALTY Agent ROBERT SKINNER

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


Overview

Downtown Raritan Office Building For Sale

Located in downtown Raritan, this office building offers an opportunity for renovation while collecting rent from an existing lease. The current lease, in place until January 31, 2030, provides a cap rate of 6.01%. The building has a size of 2428 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rubio Dental Clinic Dentist Ronald Francesco, DPM Podiatrist Raritan Foot & Ankle ... Podiatrist Ali El-Saheli Podiatrist Tony DiStefano Podiatrist

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
-74.6298074
Latitude
40.5687433

FAQs

What type of property is this?
Office building - Office building with lease in place until January 31, 2030.
Where is this office building located?
The property is located at 46 E Somerset St, Unit Raritan Raritan, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: - Existing lease in place until January 31, 2030, providing immediate rental income.; - **6.01% cap rate offers a strong return on investment.**; - Opportunity to renovate the building while collecting rent.
More about this property
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