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51 W Somerset St Raritan, NJ $ 495,000
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$ 495,000 Get more info
51 W Somerset St
$ 495,000
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Share Save

51 W Somerset St

Raritan, NJ, 08869
$ 495,000
Baths0.2 Sq 1,800

Monthly Estimate*

$ 3,290

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Studio

Commercial Property for sale in Raritan, NJ

for $495,000 with 2 half baths. This building is 1,800 square feet.

Price Reduced! Amazing Restaurant Business with Real Estate. This is an Award Winning Takeout & Catering Restaurant established 37 years in thriving Raritan downtown next to Somerville. Current Owners are semi retired, only open 6 hours a day 5 days a week. New owners can expand by simply increasing hours & adding seating. Building also has a 2 Bedroom Apartment on the 2nd Floor for additional income. Large Storage Shed & Parking in Back. Low property taxes. Building is only 4 Blocks to Raritan Train Station, just a short 6 minutes walk. Plus access to a Great School System. Motivated Seller, make offer.

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Commercial Active

Price

$ 495,000

Bedrooms

Studio

Half Bath

2

Property Type

Commercial

Taxes

$ 0

Style

Retail

Town/City

Raritan

County/Region

Somerset

MLS | Web ID

3885312
Features
General
Sewer Public Sewer
Heating Forced Hot Air Radiators - Steam
Cooling Central Air Wall A/C Unit(s)
Utilities Electric Gas-Natural
Possession At Closing
Garage None
Township Raritan Boro
Percent Ownership Sole Proprietorship
Location Business District
Gross Income 389400
Business Type Retail
Business Name Francesco's
County Somerset
Net Operating Income 164196
Operating Expense 225204
Subdivision Name Downtown
Status Active
Directions Rte 287 or Rte 22 to Rte 206 to Somerset St.
Street Name W Somerset St
Drive Assigned Blacktop
Leasable Area 1800
Days on Market 90
Standard Status Active
Town # 2716
Lease Amount 0
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Interior
Basement Unfinished
Fuel Type Gas-Natural
Half Baths 2
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Exterior
Water Source Public Water
Road Type City/Town Street
Building Area Total 1800
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* Excluded Features
List By
NADEEM QAVI

Listing Agent

Re/Max Competitive Edge

Broker

nadeem@njhomezone.com

Email

Affordability Calculator

$3,290
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,290
Monthly Property Taxes
--
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/9/2024$495,000 Listed Price

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51 W Somerset St, Raritan, NJ, 08869 is a Commercial Property for sale at $495,000 with 1,800 sqft. 51 W Somerset St is a studio with 0.2 baths. The property's zip code is 08869 which is in Raritan, NJ

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