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Property profile & analytics

3 Market St Somerset, NJ 08873

  • Commercial real estate
  • 2,304 SF
  • 0.12 lot acres
For Sale
Last Sale
Jun 03, 2020
$310,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-0474217
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 3 Market St

Construction
FRAME
Lot size
0.12 lot acres
Property size
2,304 SF
Zone code
R10H
Property type
Commercial real estate
APN
08 00064-0000-00007
APU
800064000000007

Description

This exceptional 2,304 square foot free-standing retail building in Franklin Township, NJ (08873), offers a fantastic opportunity for a variety of businesses. Located at 3 Market Street, the property boasts 2,000 square feet of immediately available space, perfect for a wide range of uses. The current layout includes two offices, a half bath, a conference room, a spacious main area with counters, a kitchen, and two additional half baths. The building features convenient access from two streets, providing excellent visibility and accessibility for customers. Ample off-street parking is available for eight vehicles, and a large rear deck is ideal for outdoor seating or other uses. A walk-out basement provides additional storage or expansion potential. The property is zoned for non-conforming light commercial use. Rental options are flexible, with the entire 2,000 square foot space available for $2,700 per month, or individual office spaces available for $400 per month, or an office and conference room with bath for $500 per month. This versatile property presents a unique opportunity for entrepreneurs seeking a well-located, adaptable space in a thriving community.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Somerset
County
Somerset
State
New Jersey
Longitude
-74.5812
Latitude
40.5031
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,032
$170,400
$125,600
$296,000
-
$170,400
$125,600
$296,000
More about this property
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