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51 W Somerset St

Raritan Boro, NJ 08869
  • $550,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 3793117
UPDATED: 170 min ago
$550,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,600
    SQFT
  • $212
    $/SQFT
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

Mixed used building and long-standing business. Business is a takeout style restaurant, that is long established with a loyal following and enjoys a main street location. It offers new owners' stable revenue and high profit margin. All equipment, customer lists, business name, etc included in sale. The business can be purchased separately and is listed under Business (MLS #3793110) The building has the existing restaurant plus a 2-bedroom apartment upstairs with long standing tenant and separate entrance. The property has a small parking lot as well as additional small building used by the business for dry storage and refrigeration. Why rent a space when this perfect opportunity offers you the ability to purchase a well-established business that earns you income, while the apartment pays your building expense. Currently building is not available for sale without the business.

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-13T23:46:52.53.
www.teambraconihomesales.com/homes/130477632
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51 W Somerset St Raritan Boro, NJ 08869

  • Price: $550,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 170 min ago
  • MLS #: 3793117
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,600
SQFT
$212
$/SQFT
1940
Built
County:
Somerset
Area:
Raritan Boro
Property Description
Mixed used building and long-standing business. Business is a takeout style restaurant, that is long established with a loyal following and enjoys a main street location. It offers new owners' stable revenue and high profit margin. All equipment, customer lists, business name, etc included in sale. The business can be purchased separately and is listed under Business (MLS #3793110) The building has the existing restaurant plus a 2-bedroom apartment upstairs with long standing tenant and separate entrance. The property has a small parking lot as well as additional small building used by the business for dry storage and refrigeration. Why rent a space when this perfect opportunity offers you the ability to purchase a well-established business that earns you income, while the apartment pays your building expense. Currently building is not available for sale without the business.
Exterior Features

Approximate Lot Size 22X120 Available Parking Spaces 3 Construction Brick/Block Exterior Description Vinyl Siding Location Business District Number Of Bays 0 Number Of Docks 0 Parking Driveway Description BlacktopDriveway-SharedOff-Street ParkingOn-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Wall A/C Unit(S) Equipment Available Exhaust SystemFloor DrainsFurnitureKitchen AreaRefrigeration UnitSign - BuildingSmoke DetectorStorage Area(S) Heating 1 UnitForced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 2 Office Sq Ft 0

Property Features

Available Immediately Expenses Include Gas/OilMaintenance - InteriorTaxes For Sale Or Lease For Sale Fuel Type ElectricGas-Natural Gross Operating Income 460000 Lease Type Gross Net Operating Income 175000 Primary Property Type Store With Apartment Property Type RestaurantSee RemarksStore With Apartment Sale Includes Building & Business Sewer Public Sewer Suite Number 0 Tax Amount 5534 Tax Rate Amount 2.600 Tax Rate Year 2021 Tax Year 2021 Total Operating Expense 240000 Utilities Gas In Street Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Business

Listing information © 2022 Garden State Multiple Listing Service,LLC.
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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-13T23:46:52.53.
 
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