106 Somerset St Garfield, NJ 07026

This exceptional redevelopment opportunity presents a 24,000-square-foot industrial property located at 106 Somerset Street in Garfield, New Jersey, within Bergen County (zip code 07026). The three-story building, which underwent renovations between 2006 and 2021, is currently vacant and zoned for industrial use. The asking price is $3,150,000, translating to $131.25 per square foot. The property's strategic location is a key advantage, situated directly adjacent to the Garfield Passaic Street Train Station, offering convenient access to public transportation. While there is no on-site parking, the property's current configuration includes nine separate spaces, presenting flexibility for various redevelopment scenarios. The property is situated in an Opportunity Zone and is surrounded by existing and planned redevelopment projects, suggesting strong potential for future appreciation. Seller financing is a possibility, making this an attractive investment prospect for developers seeking a prime location with significant upside potential. The building is classified as a flex/warehouse space.