54 Somerset StRaritan, NJ 08869

For Sale
Call for price

Prime Raritan location, 14 tenants, fully stabilized.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully stabilized multifamily property situated on a highly visible corner lot in Raritan, New Jersey. The property comprises two buildings, encompassing a total of 14 tenants – a balanced mix of 4 commercial and 10 residential units. This diverse tenant base contributes to a strong and consistent income stream. The 0.28-acre site is zoned B-1, offering potential for future expansion or redevelopment, subject to local regulations. Both buildings have been meticulously maintained, ensuring a high-quality asset for the discerning investor. The property's strategic location in Raritan, Somerset County, provides excellent visibility and accessibility. The address is 54 & 13 West Somerset Street, Raritan, NJ 08869. This is an ideal investment for those seeking a stable, cash-flowing property with significant upside potential in a desirable New Jersey market. The property's strong occupancy rate and consistent rental income make it an attractive addition to any portfolio. Further details regarding financial performance and potential are available upon request.

Highlights

  • Fully stabilized investment-grade property.
  • 0.28-acre land parcel.
  • B-1 zoning.
  • Contact Kelly Bayer at 732-985-3000 ext. 222 or kbayer@naidb.com for details.

Location Insight

City
Raritan
County
Somerset
State
New Jersey
Latitude
40.5671107
Longitude
-74.6354913
54 Somerset St, Raritan, New Jersey
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54 Somerset St
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