57 4th St Somerville, NJ 08876-3235
- Industrial properties
- 0.77 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 57 4th St
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.77 lot acres
- Zone code
- I-2
- Property type
- Industrial properties
- APN
- 18 00054-0000-00001
- APU
- 1800054000000001
Description
This exceptional investment opportunity presents a meticulously maintained 12,500-square-foot commercial building in Somerville, NJ. The property boasts a desirable blend of office and warehouse space, perfectly suited for both investors and owner-occupiers. The building features 12,500 square feet of space, including 4,000 square feet of warehouse area with 20-foot ceilings, drive-in, and tailboard loading capabilities. The office space is professionally designed and includes private offices, conference rooms, a bullpen area, and a cafeteria. Its location within an I-2 zone, designated for light industrial use, adds to its versatility. Currently leased to a tenant with excellent credit on a true triple-net lease until December 31, 2026, the property generates a net operating income (NOI) of $186,000, representing a 7.5% capitalization rate. This presents a strong return on investment, making it an ideal acquisition for investors seeking immediate cash flow. The potential for owner-occupancy in approximately two years further enhances its appeal. The building's clean and well-maintained condition underscores its high-quality construction and ongoing upkeep. This property offers a rare combination of income-generating potential and future owner-occupancy flexibility in a prime location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6109
- Latitude
- 40.5612
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
