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    Somerville, NJ
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    Somerville, NJ Residential Land & Home Lots for Sale

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    Bridgewater, NJ Finderne, NJ Raritan, NJ Manville, NJ Lanoka Harbor, NJ Readington, NJ Bound Brook, NJ Martinsville, NJ
    Somerville Boro Land Opportunity
    Updated: May 22, 2023
    Somerville Boro Land Opportunity

    Somerville, NJ 08876

    $1,125,000
    0.47 AC lot
    Large lot in Somerville offering a development opportunity.
    Zoned POR (professional office/research/residential) allowing for diverse development options.
    Frontage on West End Ave and easement access to West High St.
    Survey available.
    Potential for luxury townhome development.
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    Land
    Updated: Sep 11
    Land

    15 4Th St, Somerville, NJ 08876

    $269,000
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    Residential Lot in Branchburg Township
    Residential Lot in Branchburg Township

    200 Harlan School Road, Somerville, NJ 08876

    Contact for pricing
    1.66 AC lot

    1.66 acre residential lot, renovate or build new home.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Somerville, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vacant Single-Family Build Lot
    Vacant Single-Family Build Lot

    310 N 2nd Ave, Manville, NJ 08835

    $120,000

    Vacant lot for a single-family home, subject to variance approval and flood-zone building requirements.

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    Residential Land in Bridgewater Township
    Residential Land in Bridgewater Township

    1930 Mountain Top Road, Bridgewater, NJ 08807

    $1,250,000
    1.12 AC lot

    1.12 acre residential lot for custom build in Bridgewater.

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    Lots and Land, Manville Boro, NJ
    Lots and Land, Manville Boro, NJ

    310 N 2Nd Ave, Manville, NJ 08835

    $120,000
    0.09 AC lot

    Land · 0.09 Acres

    View details
    LandDevelopedVacant
    LandDevelopedVacant

    00 Woodside Ln, Bridgewater, NJ 08807

    $395,000

    Residential land & home lots

    View details

    Somerville, NJ Residential Land & Home Lots Market Trends and Statistics

    Explore 3 residential land & home lots for sale in Somerville, NJ, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 92,783 square feet of properties for sale, with an estimated market value of $1,394,000.

    Sale prices for home sites in Somerville, NJ start at $269,000, averaging $697,000, and reaching up to $1,125,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 3
    Residential land & home lots 3

    Demographics Overview

    Population 23K
    Population Growth (5Y) +3.8%
    Median Household Income $120,823
    College Educated 77.4%

    High-Yield Neighborhoods for Investment

    Identify Somerville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    08876 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.23%
    Property Tax per SF $24.12 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Somerset County

    New Delisted

    Total CRE Inventory on Market (SF)

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