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Property profile & analytics
OFF-MARKET Estimated value $540,000
Commercial real estate

2 Park Ave Somerville, NJ 08876-2318

0.39 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US59-1345140
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.39 ac (17,000 SF)
Zoning code PO-R
APN 18 00067-0000-00001
UPID US59-1345140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
Brc 2 Park Ave LLC · 1 yrs held
Brc 2 Park Ave LLC
since 2025
Last sale
$560,000
3 recorded transactions
2025
$560,000
2017
$350,000
2017
$250,000
Zoning & alternative use
PO-R · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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