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561 Somerset St

Franklin Twp., NJ 08873
  • $530,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 3758147
UPDATED: 54 min ago
$530,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,550
    SQFT
  • $208
    $/SQFT
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

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.

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Garden State MLS logo © 2022 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 Zebaida Group at Keller Williams Realty. 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 Zebaida Group at Keller Williams Realty 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 2022-01-23T06:47:10.847.
www.zebaidagroup.com/homes/124545006
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561 Somerset St Franklin Twp., NJ 08873

  • Price: $530,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 54 min ago
  • MLS #: 3758147
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,550
SQFT
$208
$/SQFT
1930
Built
County:
Somerset
Area:
Franklin Twp.
Property Description
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.
Exterior Features

Approximate Lot Size 50X116 AVG Available Parking Spaces 10 Construction Brick/Block Exterior Description Brick/Block Location Business District Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Hard Surface Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling Wall A/C Unit(S) Equipment Available Fire Alarm Floors Laminate Heating 3 Units Max Ceiling Height 9 Max Door Height 8 Number Of Lavatories 3 Office Sq Ft 2550

Property Features

For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 50760 Net Operating Income 30877 Primary Property Type Strip/Shopping Center Property Type Office/RetailStrip/Shopping Center Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 8576 Tax Rate Amount 2.287 Tax Rate Year 2020 Tax Year 2020 Utilities Gas In Street Utilities Paid By Tenant Water Public Water Year Built Description Unknown Zoning Rc

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of .


Garden State MLS logo © 2022 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 Zebaida Group at Keller Williams Realty. 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 Zebaida Group at Keller Williams Realty 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 2022-01-23T06:47:10.847.
 
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Zebaida Group at Keller Williams Realty
4245 Town Center Way
Livingston NJ, 07039