81 Somerset St
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81 Somerset St
6,000 SF 100% Leased Retail Building Somerville, NJ 08876 $925,000 ($154/SF) 11.73% Cap Rate
Executive Summary
TURNKEY, WELL ESTABLISHED PROFITABLE LAUNDROMAT BUSINESS FOR SALE WITH BULDING IN THE CENTER OF DOWNTOWN SOMERVILLE. GREAT LOCATION, HIGH VOLUME DROP OFF AND SELF-SERVICE BUSINESS. WITH POSSIBLIES TO EXPAND WASHER UNITS AND ADD POTENTIAL TO ADD A SECOND FLOOR APARTMENT.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,000 SF
Year Built
1970
Price
$925,000
Price Per SF
$154
Cap Rate
11.73%
NOI
$108,503
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.15 AC
Walk Score®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18-00125-0000-00008 | Improvements Assessment | $327,300 |
| Land Assessment | $114,900 | Total Assessment | $442,200 |
PROPERTY TAXES
Parcel Number
18-00125-0000-00008
Land Assessment
$114,900
Improvements Assessment
$327,300
Total Assessment
$442,200
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81 Somerset St
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