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Property profile & analytics

34 Somerset St Raritan, NJ 08869

  • Commercial real estate
  • 4,900 SF
  • 0.42 lot acres
Value Estimation
Location Intelligence
Property ID
US59-0290175
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

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  • Morristown Memorial Wound Care: Benning Kathleen M DO / Doctor

Property Details for 34 Somerset St

Year built
1985
Construction
BRICK
Lot size
0.42 lot acres
Property size
4,900 SF
Property type
Commercial real estate
APN
16 00109-0000-00001- 01
APU
160010900000000101

Description

This exceptional retail property, located at 34 E Somerset Street in Raritan, New Jersey, presents a compelling investment opportunity. Boasting a generous 4,868 square feet of space, this property is ideally situated for a variety of retail businesses. The building sits on a sizable 0.52-acre lot, offering ample room for customer parking and potential expansion. Its prime location in Raritan ensures high visibility and accessibility, attracting significant foot traffic and driving potential sales. The asking price is $1,700,000, representing a strong value proposition for a property of this size and location in a thriving New Jersey market. The property's substantial square footage allows for flexible layout configurations, catering to diverse business needs. This presents a unique chance to establish or expand a retail presence in a vibrant community. The 0.52-acre lot provides ample space for outdoor displays, seating areas, or additional parking, enhancing the overall customer experience. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new business owners. Don't miss this chance to secure a prime retail location in a desirable New Jersey town.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Raritan
County
Somerset
State
New Jersey
Longitude
-74.6307
Latitude
40.5682
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
$41,490
$181,500
$1,318,500
$1,500,000
-
$181,500
$1,318,500
$1,500,000
More about this property
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