561 Somerset St in Somerset NJ

85GreenBrook1.jpeg

For Sale

Directions: Located on Route 27
Remarks: Fantastic opportunity to own a fully rented retail building on the busy Somerset St! Listed at a 6 cap - This one level corner property features three stores: a salon, a party store and a retail shop. Two of the units are rented out through 2026 and one is rented out through 2024. Just sit back and collect the rent. Tenants pay ALL utilities. All spaces have basements. Owner gets reimbursed for water monthly. In the back is enough parking for 8-10 cars. An opportunity to own a turnkey commercial property! Pro Forma and Leases available upon request. NOI is almost $31,000 a year.
Agent Remarks: Afternoon showings only - Monday unavailable

Type:

Office/Retail, Strip/Shopping Center

Price:

$530,000

Taxes:

$8,576* / 2020*

Listed:

01/07/2022

Bathrooms:

/

Heating:

3 Units

Cooling:

Wall A/C Unit(s)

Parking:

Roof:

Utilities:

Water:

Hard Surface

Flat

Gas In Street

Public Water

Size:

2550 sqft

Floors:

1