2 4Th St Somerset, NJ 08873
- Commercial real estate
- 30,000 SF
- 3.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2 4Th St
- Year built
- 1985
- Lot size
- 3.00 lot acres
- Property size
- 30,000 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 2 JFK Boulevard, Units 1 & 4 in Somerset, New Jersey, offers a substantial 30,000 square feet of versatile space situated on a 3-acre lot. The property is ideally positioned across from Rutgers Plaza, a major shopping mall, ensuring high visibility and foot traffic. The building features an elevator for convenient access. A significant portion of the space includes a 1,600 square foot second-floor office location, perfect for a variety of business needs. The property's prime location offers excellent opportunities for retail or office use, benefiting from the high volume of shoppers and commuters in the area. The property's strategic placement next to a newly opened marijuana retail store presents a unique adjacency advantage, potentially attracting a specific clientele. This expansive property provides ample space for a wide range of commercial ventures, capitalizing on its exceptional location and convenient amenities. The asking price for this significant commercial opportunity is $16 million. This is a rare chance to acquire a substantial property in a high-demand location. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.4897
- Latitude
- 40.5134
