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INVESTMENT HIGHLIGHTS
- Large Rear Parking Lot
- Redevelopment Zone
- Possibility to Add 3 stories of Residential living space above
EXECUTIVE SUMMARY
Prime Retail Opportunity in the Heart of Somerville, NJ
Unlock the potential of this high-visibility retail building located in thriving downtown Somerville—a bustling hub known for its vibrant shopping, dining, and entertainment scene.
Outstanding Retail Exposure
Situated in a high-traffic area with excellent street visibility and signage opportunities—perfect for attracting walk-in and destination customers.
Ample On-Site Parking
A rare find in downtown retail—this property features 16 abundant parking spots to accommodate both customers and staff, enhancing convenience and accessibility.
Versatile Layout
Whether you're launching a boutique, café, salon, showroom, or professional office, this space offers flexible configuration options to fit your vision. Ask about the possibility of creating a 4 story improvement.
Strong Surrounding Demographics
Located near national retailers, restaurants, and residential neighborhoods, ensuring a steady stream of foot traffic and local business support.
Don't miss this exceptional opportunity to grow your business in one of New Jersey’s most dynamic downtowns.
For more information or a private showing, contact Team Skopas of Keller Williams Premier at 609-213-7300 or TeamSkopas@gmail.com Call Prakash Patel at 640-234-8888 or Ted Skopas
Unlock the potential of this high-visibility retail building located in thriving downtown Somerville—a bustling hub known for its vibrant shopping, dining, and entertainment scene.
Outstanding Retail Exposure
Situated in a high-traffic area with excellent street visibility and signage opportunities—perfect for attracting walk-in and destination customers.
Ample On-Site Parking
A rare find in downtown retail—this property features 16 abundant parking spots to accommodate both customers and staff, enhancing convenience and accessibility.
Versatile Layout
Whether you're launching a boutique, café, salon, showroom, or professional office, this space offers flexible configuration options to fit your vision. Ask about the possibility of creating a 4 story improvement.
Strong Surrounding Demographics
Located near national retailers, restaurants, and residential neighborhoods, ensuring a steady stream of foot traffic and local business support.
Don't miss this exceptional opportunity to grow your business in one of New Jersey’s most dynamic downtowns.
For more information or a private showing, contact Team Skopas of Keller Williams Premier at 609-213-7300 or TeamSkopas@gmail.com Call Prakash Patel at 640-234-8888 or Ted Skopas
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$28,698
|
$10.25
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,698
|
$10.25
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $28,698 |
| Annual Per SF | $10.25 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,698 |
| Annual Per SF | $10.25 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
B
Year Built/Renovated
1999/2004
Price
$4,200,000
Price Per SF
$1,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.14 AC
Zoning
B-3, Somerville Boro
Frontage
AMENITIES
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-00119-0000-00004 | Total Assessment | $726,000 (2025) |
| Land Assessment | $184,800 (2025) | Annual Taxes | $28,698 ($10.25/SF) |
| Improvements Assessment | $541,200 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
18-00119-0000-00004
Land Assessment
$184,800 (2025)
Improvements Assessment
$541,200 (2025)
Total Assessment
$726,000 (2025)
Annual Taxes
$28,698 ($10.25/SF)
Tax Year
2024 Payable 2024
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