916 Somerset St Watchung, NJ 07069-6341
This exceptional 1,500 square foot office space is situated on the second floor of a two-story, 6,000 square foot building located at 916 Somerset Street in Watchung, New Jersey, 07069. The property boasts a modified gross lease (tenant responsible for electricity and heat) and is part of a single-tenant occupancy building. The suite features a shared bathroom and is situated on a 7,958 square foot lot, providing ample parking for employees and visitors. This prime location offers excellent visibility from a prominent road and is highly accessible, being just five minutes from I-78 exit 40 and two minutes from US 22. Commuting is further simplified by its proximity to Newark Liberty Airport (approximately 30 minutes) and lower Manhattan (approximately 45 minutes). The property is zoned commercial and offers a strategic location for businesses seeking high visibility and convenient access. The building is classified as Executive Office, Creative Office, and Traditional Office space, making it suitable for a variety of business needs. This is a fantastic opportunity to establish a presence in a thriving and easily accessible area. The property's APN is 21-04409-0000-00002.
Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
B-A · Watchung, NJChristmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livestock Shelters. No animal poultry or livestock shelter, whether permanent or temporary, shall be located closer than fifty (50) feet to any property line or to any dwelling unit on the same lot. P. Public Election Voting Places. The temporary use of any property as a voting place in connection with a municipal or other public election is permitted throughout the Borough. Q. Public Utilities. 1. Lines. Public utility lines for the transportation, distribution or control of water, electricity, gas, oil, steam, cable television and telephone or telegraph communications are permitted throughout the Borough and need not necessarily be located on a lot. 2. Transformer and Junction Boxes. Public utility transformer and junction boxes are permitted throughout the Borough and need not necessarily be located on a lot, provided they are adequately screened with landscaping, fencing or a combination of the two (2) and do not exceed three (3) feet in height. R. Survey Plan for Foundations. A location survey plan drawn by a licensed land surveyor or civil engineer shall be furnished to the Construction Official no later than the time of completion of the foundation on any structure being erected as proof that the location of such structure conforms to the requirements of this chapter. S. Community Residences and Community Shelters, Family Day Care Homes and Child Care Centers. 1. Community residences for the developmentally disabled, the terminally ill, or persons with head injuries and community shelters for victims of domestic violence, as such terms are defined in the MLUL, shall be a permitted use in any residential zoning district and shall be subject to the same standards and restrictions for single-family dwelling units located within the same district, provided that such residence or shelter houses no more than fifteen (15) persons excluding resident staff, in accordance with the provisions of N.J.S.A. 40:55D-66.1 and 66.2. 2. Family day care homes and child care centers, as such terms are defined in the MLUL, shall be permitted in the Borough in accordance with the requirements of the MLUL. T. Applicability to Municipal Development and Parks and Open Space Uses. 1.
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.