46 E Somerset St 2,600 SF Vacant Office Building Raritan, NJ 08869 $975,000 ($375/SF) 6.01% Cap Rate

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INVESTMENT HIGHLIGHTS

Within walking distance of the train station.

In close proximity to all major highways.

EXECUTIVE SUMMARY

This charming building located in busy downtown Raritan boasts 5 exam rooms, a nicely maintained parking lot, storage galore, a basement and attic. The current tenant “Raritan Foot and Ankle” moved out and the lease ends in 2030. This is the perfect time to renovate while collecting your rent ! Near highways 295, 202/206 and the local New Jersey Transit Train Station and other points of interest. A wonderful opportunity here !! Reach me for more upcoming details !!

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

2,600 SF

Building Class

Year Built

1910

Price

$975,000

Price Per SF

$375

Cap Rate

6.01%

NOI

$58,598

Percent Leased

Vacant

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

1,300 SF

Building FAR

0.31

Lot Size

0.19 AC

Zoning

R-3 - 4 years of lease term Leased to Summit Medical NJ 's most prominent Medical Group

Parking

9 Spaces (1.8 Spaces per 1,000 SF Leased)

Wheelchair Accessible

Smoke Detector

MAJOR TENANTS

Raritan Foot & Ankle Care
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TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
Raritan Foot & Ankle Care	-	-	-			-

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Walk Score®

Very Walkable (80)

PROPERTY TAXES

Parcel Number	16-00110-0000-00003	Improvements Assessment	$158,000
Land Assessment	$164,300	Total Assessment	$322,300

CONTACT

Robert Skinner
Century 21 Action Plus Realty

Listing ID: 37530700
Date on Market: 9/3/2025
Last Updated: 10/23/2025
Address: 46 E Somerset St, Raritan, NJ 08869

Still interested?