286 Main St Somerville, NJ 08876-3006
- Commercial real estate
- 3,502 SF
- 0.46 lot acres
Jan 06, 2025
Current Use by Public Records
- Commercial real estate
Property Details for 286 Main St
- Year built
- 1920
- Lot size
- 0.46 lot acres
- Property size
- 3,502 SF
- Zone code
- PO-R
- Property type
- Commercial real estate
- APN
- 18 00048-0000-00013
- APU
- 1800048000000013
Description
This exceptional 3,665 square foot office space at 286 E MAIN ST, Somerville, NJ, is situated on a 0.46-acre lot and presents a unique opportunity for a variety of businesses. The main level boasts 2,600 square feet, featuring two entrances with handicap accessibility. A spacious waiting room and reception area seamlessly flow into eight large rooms, easily adaptable as either two offices and six exam rooms or one office and seven exam rooms. Four rooms are equipped with sinks and vanity/desk stations, catering to specific professional needs. Additional features include a dedicated x-ray room, nurses' station, pantry, break room, and a rolladex filing room, along with a washroom. The entire space is meticulously wired with Category 6 Ethernet networking, ensuring seamless connectivity. The electrical system has been upgraded to LED lighting for energy efficiency. The building benefits from a dual-zone HVAC system, providing climate control for both the waiting/reception area and offices, and the exam rooms, pantry, and nurses' station. The entire 2,600 square foot main level features attractive porcelain flooring with a wood-look finish. Pre-wiring for security systems is also in place. The property is offered at $22 per square foot, plus utilities.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $550,000
- ML approach
- $530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $504,000
- AI Estimate
- $371,000
Market price range: $505k - $817kMarket price range: $371k - $648k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $635,000 Current use
- OFFICE BUILDING
- $720,000 Change: +14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5996
- Latitude
- 40.5653
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA