38 Somerset St 44 Raritan, NJ 08869-2030
This exceptional 6,720 square foot commercial property, situated on a 0.21-acre lot at 38 W Somerset St in Raritan, NJ, presents a unique opportunity for businesses seeking a prominent location. Currently configured for optimal functionality, the space includes approximately 2,500 square feet ideal for retail or office use. The layout features several private offices, providing individual workspaces for enhanced productivity and privacy. A dedicated conference room facilitates efficient meetings and presentations, while a spacious bullpen area offers collaborative work space. A well-equipped kitchen adds convenience for staff and clients. The property's prime downtown Raritan location ensures high visibility and accessibility, making it an attractive option for a variety of businesses. The space is available for occupancy beginning October 1st, 2024. The asking price is $3,125,000. This is a rare opportunity to secure a well-appointed commercial space in a thriving New Jersey community. The ample square footage and versatile layout offer significant potential for customization to suit specific business needs. Don't miss this chance to establish your business in a highly desirable location. Contact us today to schedule a viewing and explore the possibilities.
-
O'Donnell Insurance Agency Insurance Agency
-
Nardy's Hair Salon Unisex Hair Salon Nail Salon
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
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.