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1 Union Ave 2,600 SF Vacant Retail Building Somerville, NJ 08876 $795,000 ($305.77/SF)
EXECUTIVE SUMMARY
2600 SQ FT FREE-STANDING BUILDING SITUATED IN A B-4 COMMERCIAL ZONE, JUST 100 FEET FROM A SIGNALIZED INTERSECTION. PERMITTED USES INCLUDE FOOD, AUTO PARTS, HEALTH SERVICES, MEDICAL, AND MORE. CONVENIENTLY LOCATED MINUTES FROM AWARD WINNING DOWNTOWN SOMERVILLE, RWJ HOSPITAL, NJ TRANSIT, AND ALL MAJOR HIGHWAYS.ALSO FOR LEASE $5000 PER MONTH NNN
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,600 SF
Building Class
C
Year Built/Renovated
1900/1960
Price
$795,000
Price Per SF
$305.77
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.42 AC
Zoning
R4
Parking
25 Spaces (9.62 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-00083-0000-00011 | Improvements Assessment | $117,000 |
| Land Assessment | $291,900 | Total Assessment | $408,900 |
PROPERTY TAXES
Parcel Number
18-00083-0000-00011
Land Assessment
$291,900
Improvements Assessment
$117,000
Total Assessment
$408,900
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1 Union Ave
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