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51 W Somerset St

Raritan Boro, NJ 08869
  • $495,000
  • STATUS: Active Under Contract
  • ON SITE: 75 Days
  • MLS #: 3885306
Under Contract
UPDATED: 152 min ago
$495,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

Price Reduced! Location! Location! Location! In the middle of thriving Raritan downtown next to Somerville. Amazing Mix Use Building. 1st Floor is a Retail Store. 2nd Floor is a 2 Bedroom Apartment with Rental Income. Large Storage Shed & Parking in Back. Price includes Building + Restaurant Business with All Equipment. New owners can continue the Award winning 37 Year Old Restaurant or Rent out both Units & Collect Rent. Low Taxes. Rent is under market. Potential Rental Income $45,600. Building is only 4 Blocks to Raritan Train Station, just a short 6 minutes walk. Plus access to a Great School System. Motivated Seller, make offer.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T15:46:56.867.
www.trompeterrealestate.com/homes/147418263
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51 W Somerset St Raritan Boro, NJ 08869

  • Price: $495,000
  • Status: Active Under Contract
  • On Site: 75 Days
  • Updated: 152 min ago
  • MLS #: 3885306
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1940
Built
Neighborhood:
Downtown
County:
Somerset
Area:
Raritan Boro
Property Description
Price Reduced! Location! Location! Location! In the middle of thriving Raritan downtown next to Somerville. Amazing Mix Use Building. 1st Floor is a Retail Store. 2nd Floor is a 2 Bedroom Apartment with Rental Income. Large Storage Shed & Parking in Back. Price includes Building + Restaurant Business with All Equipment. New owners can continue the Award winning 37 Year Old Restaurant or Rent out both Units & Collect Rent. Low Taxes. Rent is under market. Potential Rental Income $45,600. Building is only 4 Blocks to Raritan Train Station, just a short 6 minutes walk. Plus access to a Great School System. Motivated Seller, make offer.
Exterior Features

Approximate Lot Size 22X120 Available Parking Spaces 3 Construction See Remarks Exterior Description Vinyl Siding Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Blacktop Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Central AirWindow A/C(s) Equipment Available Kitchen AreaRefrigeration UnitRestrooms - PrivateSign - BuildingStorage Area(s) Floors Laminate Heating Forced Hot AirRadiators - Steam Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 2 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 45600 Net Operating Income 34218 Primary Property Type Store With Apartment Property Type Mixed UseRestaurantStore With Apartment Sale Includes Building & BusinessEquipmentInventory Sewer Public Sewer Suite Number 0 Tax Amount 5982 Tax Rate Amount 2.766 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 11382 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning Bus

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Competitive Edge: 732-548-5555.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-24T15:46:56.867.
 
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