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Second-Floor Office Units
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50 Division St, Somerville, NJ 08876

Class A office space includes covered parking and 292 free surface spaces in a five-story building.

Space Size2,200 SF - 2,591 SF
Property Size73,068 SF
Days on Market95

Property Features for 50 Division St

General Information

Standard status Active
Size 2,200 SF - 2,591 SF
Net Rentable 2,200 SF
Class A
Total Parking Spaces 292
Property subtype Commercial

Space & Availability

Available Space 2,200-2,591 SF
Floor 2
Space Use Office

Lease Terms

Lease Rate $22 /USD/SF/YR
Monthly Rent $4,033-$4,746
Rent per SF/Year $22
CAM $2.00 /USD/SF/YR

Site & Location

Highway Access Yes
Public Transit Yes

Amenities

covered parking
1 Unit Heating
Additional Parking
Common Driveway
Flat Roof
Parking Lot-Shared

Building Details

Year Built 9999
Stories 5
Building Size 73,068 SF
Listing Agency: BHHS FOX & ROACH
Listed By: TIM DELUCCIA · License #8243435
Source: Corcoran
Added: May 20 Changed: Aug 22 Last Checked: Aug 22 at 4:26AM

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

Investment Insights

Based on property information with market context.

Two office suites are available on the second floor of a five-story, 73,068-square-foot Class A office building. The space is offered in two suites, with covered parking and 292 free surface parking spaces available for users and visitors.

The property is in downtown Somerville, directly across from NJ Transit Somerville Station and the post office. The county courthouse and administration complex are within walking distance, while Routes 22, 28, 202/206, 287, and 78 are minutes away.

Key Highlights

  • 73,068‑square‑foot, five‑story Class A office building
  • Two office suites available on the second floor
  • Covered parking available

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Auto Parts Store Storage Facility Computer & Electronic Repair Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,757
Businesses Nearby

Demographics for 08876, NJ

22,849
Population
9,717
Households
2.4
Avg Household Size
40
Median Age
56%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
1,428
Density / Sq Mi
$120,823
Median Household Income
$70,464
Median Earnings
$1,776
Median Rent
$468,400
Median Home Value

Market

Lease Benchmarks for Somerville, NJ

$17.13 /SF/Yr
Avg Asking Price
$5.54–$26 /SF/Yr
Price Range
13,268 SF
Avg Space Size

This space is priced 28% above the average of $17.13 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space includes covered parking and 292 free surface spaces in a five-story building.
Where is this office units located?
The property is located at 50 Division St Somerville, NJ.
What are key features of this property?
This property features: 73,068‑square‑foot, five‑story Class A office building; Two office suites available on the second floor; Covered parking available
More about this property
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