10 Sherman Ave Raritan, NJ 08869
- Commercial real estate
Current Use by Public Records
- Guardian Interlock / Electronics Manufacturer / Auto Electrical Service
- ANTONELLA´S WINDOW TINT / Window Tinting Service
Property Details for 10 Sherman Ave
- Property type
- Commercial real estate
Description
This exceptional three-unit investment property, located at 10 Sherman Ave in Raritan, New Jersey (Somerset County, zip code 08869), presents a compelling opportunity. The property encompasses a 3,000 square foot free-standing retail building and a two-family dwelling, both currently fully leased, generating consistent income. The asking price is $1,100,000. Recent improvements significantly enhance the property's value and appeal. The retail building boasts a brand new roof. The two-family unit has undergone extensive renovations, including the installation of all new replacement windows, new soffits, and gutters. One apartment features newly installed hardwood floors, new carpeting, and a renovated bathroom. Furthermore, the basement of the two-family unit has been remodeled, including a new full bathroom and the addition of new French drains. Detailed income and expense information is available upon request. This property's strategic location on Route 206 North in Raritan offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable and appreciating asset in a desirable New Jersey market. The property's strong rental history and recent upgrades position it for continued success and potential for future appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsborough Township
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6267097
- Latitude
- 40.5724761
