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    41 Rte Raritan, NJ 08869

    For Lease
    Contact for pricing

    Retail space available, Somerset County, NJ.

    Lot size:
    61,775 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity presents 61,775 square feet of prime commercial space in Raritan, New Jersey's vibrant Raritan Crossing. Located at 41 Route 206, this strip center offers multiple suites, perfect for a variety of businesses. Currently, there are four suites available, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 4,278 square feet. A total of 8,878 square feet is currently vacant, providing significant potential for expansion or new tenants. The property boasts ample parking with 122 spaces available for customers and employees. Situated in Somerset County, this location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for their clientele. The property is classified as a retail strip center, providing a strong foundation for a thriving retail operation. This is a rare opportunity to secure a prominent retail presence in a desirable New Jersey location. Contact us today to learn more about leasing options and explore the possibilities for your business at Raritan Crossing. The property is located in Somerset County, NJ, zip code 08869.

    Property Features for 41 Rte

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,775 SF

    Unit(s) available at that property

    Space
    Suite 41
    Size
    1,600 SF
    Space
    Suite 45C
    Size
    4,278 SF
    Space
    Suite 23
    Size
    1,500 SF
    Space
    Suite 21
    Size
    1,500 SF

    HighLights

    • Cross easement with established anchor tenant.
    • Suitable for retail, medical, or office tenants.
    • Convenient access to Routes 206 and Somerset Street via a signalized intersection.
    • Prominent pylon signage opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6259984
    Latitude
    40.5687119

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    FAQs

    What type of property is this?
    Neighborhood center - Retail space available, Somerset County, NJ.
    Where is this neighborhood center located?
    The property is located at 41 Rte Raritan, NJ.
    What are key features of this property?
    This property features: Cross easement with established anchor tenant.; Suitable for retail, medical, or office tenants.; Convenient access to Routes 206 and Somerset Street via a signalized intersection.
    Request Owner's contact information
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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
    41 Rte Raritan, NJ 08869
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