118 W Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
118 W Main St
6,500 SF Retail Building Somerville, NJ 08876 $1,950,000 ($300/SF)
Investment Highlights
- Downtown Somerville
- Landmark Building
- Heavy Foot Traffic
Executive Summary
PRIME LOCATION! Mixed-use building for sale in desirable downtown Somerville. 118 W Main St., is located across Main St., from The Edge at Main (Wolfgang's, Starbucks, Playa Bowls). The building consists of (1) street level retail space and (2) 1-bedroom plus office, 1-bathroom apartments. The third-floor apartment has the only walkout balcony on Main St! Conveniently located near train station, public parking and major highways. Enjoy downtown Somerville's many amenities. New flat roof in 2021.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
1980
Price
$1,950,000
Price Per SF
$300
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.87
Land Acres
0.08 AC
Zoning
B-1
Frontage
21 FT on W Main St
Amenities
- Commuter Rail
- Fireplace
- Signage
- Skylights
- Tenant Controlled HVAC
- Roof Terrace
- Storage Space
- Balcony
- Smoke Detector
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18-00114-0000-00029 | Total Assessment | $527,900 |
| Land Assessment | $124,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $403,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
18-00114-0000-00029
Land Assessment
$124,700
Improvements Assessment
$403,200
Total Assessment
$527,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Bill Gazi -
Paul Stillwaggon -
Weichert Realtors
1 of 43
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
118 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.