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10 Sherman Ave

3,287 SF Retail Building Raritan, NJ 08869 $1,100,000 ($335/SF) 6% Cap Rate

Executive Summary

3 - UNIT INVESTMENT OPPORTUNITY, FREE STANDING 3000 SF RETAIL BUILDING AND TWO FAMILY FULLY LEASED INCOME PRODUCING PROPERTY LOCATED ON RT 206 NORTH IN RARITAN, SOMERSET COUNTY. NEW ROOF ON RETAIL BUILDING, TWO FAMILY HAS ALL NEW REPLACEMENT WINDOWS, NEW SOFFITS, GUTTERS, ONE APARTMENT WITH NEW HARDWOOD FLOORS, CARPET, NEW BATH, BASEMENT HAS BEEN REMODEL, NEW FULL BATH, NEW FRENCH DRAINS

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,287 SF
Building Class
C
Year Built
1930
Price
$1,100,000
Price Per SF
$335
Cap Rate
6%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.27 AC
Zoning
C - Commercial
Parking
35 Spaces (10.65 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Retro Fitness
Fulton Bank
Tim Hortons
PNC Bank
Starbucks
TD Bank
Chase Bank
WW
Shoprite Pharmacy
Redstone American Grill
  • Listing ID: 32583547

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 10 Sherman Ave, Raritan, NJ 08869

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