54 Somerset St Raritan, NJ 08869
- Apartment buildings
Current Use by Public Records
- Herbal Medicinals / Holistic Medicine Practitioner
- Raritan Public Library / Public Library
Property Details for 54 Somerset St
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully stabilized multifamily property situated on a highly visible corner lot in Raritan, New Jersey. The property comprises two buildings, encompassing a total of 14 tenants – a balanced mix of 4 commercial and 10 residential units. This diverse tenant base contributes to a strong and consistent income stream. The 0.28-acre site is zoned B-1, offering potential for future expansion or redevelopment, subject to local regulations. Both buildings have been meticulously maintained, ensuring a high-quality asset for the discerning investor. The property's strategic location in Raritan, Somerset County, provides excellent visibility and accessibility. The address is 54 & 13 West Somerset Street, Raritan, NJ 08869. This is an ideal investment for those seeking a stable, cash-flowing property with significant upside potential in a desirable New Jersey market. The property's strong occupancy rate and consistent rental income make it an attractive addition to any portfolio. Further details regarding financial performance and potential are available upon request.
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
- Raritan
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6355
- Latitude
- 40.5671
