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    711-723 Courtyard Dr Somerville, NJ 08876

    Sponsored
    For Sale
    $175,000

    Prime NJ Commercial Property, $175k

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 711-723 Courtyard Drive in Somerville, New Jersey (08876), presents a unique investment opportunity. The 2,000 square foot building sits on a sizable land parcel (exact acreage not specified) and is ideally suited for a variety of commercial uses. Previously occupied by a full-service medical spa, the property boasts three private offices, a single bathroom, and a dedicated receptionist area. The layout is versatile and adaptable, making it suitable for a range of businesses. The property's location in Somerset County offers convenient access to major transportation routes and a thriving local economy. The asking price is $175,000, representing a compelling value for a property with this level of existing infrastructure and potential. The building's history as a medical spa suggests existing infrastructure suitable for similar businesses, but the space is adaptable to other commercial uses. This is a rare opportunity to acquire a well-located commercial property in a desirable New Jersey market at an attractive price point. Serious inquiries are encouraged to explore the full potential of this promising investment. Further details regarding zoning and permitted uses are available upon request.

    Property Features for 711-723 Courtyard Dr

    General Information

    Property type
    Land
    Square Feet
    2,000 SF

    HighLights

    • $175,000 asking price.
    • 2,000 square foot office and land property in Somerville, NJ.
    • Located at 711‑723 Courtyard Dr, Somerville, NJ 08876.
    • Previously a medical spa with three private offices, one bathroom, and a reception area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6985891
    Latitude
    40.5868114

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    FAQs

    What type of property is this?
    Land - Prime NJ Commercial Property, $175k
    Where is this land located?
    The property is located at 711-723 Courtyard Dr Somerville, NJ.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; 2,000 square foot office and land property in Somerville, NJ.; Located at 711-723 Courtyard Dr, Somerville, NJ 08876.
    Request Owner's contact information
    711-723 Courtyard Dr Somerville, NJ 08876
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    Somerville, NJ 08876
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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
    711-723 Courtyard Dr Somerville, NJ 08876
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