708 Somerset St Watchung, NJ 07069
This remarkable commercial property, located at 708 Somerset Street in Watchung, New Jersey, presents a unique investment opportunity. Priced at $2,350,000, the property offers significant potential for a variety of commercial uses. While the square footage is currently unavailable, the property sits on a zero-acre lot, suggesting a compact and potentially highly efficient layout. The property type is classified as "Other," indicating a versatile space adaptable to diverse business needs. Its location in Watchung, NJ, offers access to a thriving community and convenient transportation links. Further details regarding the property's specific features, zoning regulations, and potential uses are available upon request. Interested parties are encouraged to conduct their own due diligence to assess the suitability of this property for their specific business objectives. This is a rare chance to acquire a strategically located commercial property in a desirable New Jersey market. The absence of specified square footage underscores the need for a thorough on-site inspection to fully appreciate the property's dimensions and layout. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.