2 Park Ave Somerville, NJ 08876-2318
This exceptional free-standing commercial office building presents a rare opportunity in the heart of Somerville, NJ. Located just one block from Main Street and the Somerset County Court and Administration Complex, this property enjoys unparalleled visibility and accessibility. The building boasts 4,000 square feet of usable space within a single-story brick structure, offering a functional and attractive layout. Ample parking is provided with a 17-car lot, ensuring convenience for employees and clients. The property is zoned POR, offering flexibility for a variety of commercial uses. Recent improvements include a brand new roof, minimizing immediate maintenance concerns. The 0.39-acre lot provides ample space and potential for future expansion or outdoor amenities. This property is being sold "as is," allowing for immediate occupancy and customization to suit the buyer's specific needs. Its prime location, substantial size, and recent upgrades make this an exceptional investment opportunity in a thriving downtown area. The proximity to the courthouse and county administration complex guarantees a steady stream of potential clientele. Don't miss this chance to acquire a well-maintained, strategically located commercial building in a highly desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PO-R · Somerville, NJSomerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.