46 E Somerset Street, Raritan, NJ 08869
$975,000
Property Type:
Commercial
Square Footage:
2,428
Lot Size (sq. ft.):
8,276
Status:
Active
Current Price:
$975,000
List Date:
9/04/2025
Last Modified:
9/26/2025
Description
SELLER SAYS ''Submit all Offers'' Nestled in very busy downtown Raritan Boro is an empty office building with a LEASE IN PLACE ! Raritan Foot and Ankle has moved out but is still paying the rent on the current lease until January 31, 2030. Paying a handsome cap rate of 6.01%, you may elect to renovate the building to your liking while collecting your rent !!
More Information MLS# 22526703
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 401.57
New Construction: No
Status: Active
List Date: 2025-09-03
Property Sub-Type: Office
List Price: $975,000
Current Price: $975,000
Location
Area/Section: None
Business District: 1
Near Busstop: 1
Near Rrtrans: 1
Other - See Remarks: 1
House Number: 46
Dir.: E
Street Name: Somerset
Street Suffix: Street
County: Somerset
Municipality: Raritan Boro (RAR)
Postal City: Raritan
State: NJ
Zip Code: 08869
Complex/Subdivision: None
Directions: From US 22 West take the jug handle for 202/206 South towards Somerville. Turn left on Highway 206, (West End Avenue) then highway 206 South. Turn right on E Somerset Street and your destination is on your left.
General Property Info
Handicap Access: Yes
# Levels: 2
# Elevators: 0
Available SqFt: 2428
Office SqFt: 2428
Acreage: 0.19
Garage: No
# Car Garage: 0
# Parking Spaces: 10
Business Name: Raritan Foot and Ankle
Business Operating: No
Franchise: No
Lease Expiration Date: 2030-01-31
Farm: No
Apx SqFt: 2428
Apx Year Built: 1910
Tax and Legal
Asmnt - Total: 0
Deed Restricted: No
Special Assessment: No
Taxes: 8915
Tax Year: 2024
Income & Expenses
# Rental Units: 1
Financials Per: Year
Net Operating Income: 58609.46
Insurance: 3523.9
Mgmt Fee: 6000
Repair/Maintenance: 30000
RE Taxes: 8915
Total Expenses: 49787.28
Other Exp Desc 1: 459.00
Use
Medical: 1
Professional Service: 1
Professional/Office: 1
Zoning
Central Business: 1
Commercial: 1
General Highway: 1
Office: 1
Professional: 1
Lot Description
Curbing: 1
Highway Frontage: 1
Landscaped: 1
Level: 1
Sidewalks: 1
Floors
Wood: 1
Electric
Other - See Remarks: 1
Basement
Heated: 1
Partially Finished: 1
Tenant Access: 1
Gas
At Street: 1
Water Heater
Electric: 1
Natural Gas: 1
Heating
Electric: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Storm Sewers: 1
Exterior
Handicapped: 1
Security System: 1
Sign: 1
Common Elements
Landscaping: 1
Management: 1
Parking
Lighted: 1
On Site: 1
Parking Lot: 1
Paved: 1
Assessment Status
Assessed: 1
Financing
Cash: 1
Construction/Siding
Vinyl: 1
Roof
Shingle: 1
Sloped: 1
Sale Excludes
Business Name: 1
Signs: 1
Documents Available
Lease: 1
Property Features
Location: Business District; Near Busstop; Near Rrtrans; Other - See Remarks; Business District; Near Busstop; Near Rrtrans; Other - See Remarks
Use: Medical; Professional Service; Professional/Office
Floors: Wood
Basement: Heated; Partially Finished; Tenant Access
Heating: Electric
Water Heater: Electric; Natural Gas
Water: Public Water
Sewer: Public Sewer; Storm Sewers
Gas: At Street
Electric: Other - See Remarks
Exterior: Handicapped; Security System; Sign
Parking: Lighted; On Site; Parking Lot; Paved
Roof: Shingle; Sloped
Sale Excludes: Business Name; Signs
Zoning: Central Business; Commercial; General Highway; Office; Professional
Lot Description: Curbing; Highway Frontage; Landscaped; Level; Sidewalks
Common Elements: Landscaping; Management
Assessment Status: Assessed
Documents Available: Lease
Financing: Cash
Listing Office:
C21/ Action Plus Realty
Listing Agent:
Robert Skinner
Last Updated: September - 26 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.