561 Somerset St

Franklin Twp., NJ
$ 530,000 Beds 0 Baths 0 Sq 2,550
Monthly Estimate* How much can I afford?

Fantastic opportunity to own a fully rented retail building on the busy Somerset St! Listed at a 6 cap - This one level corner property features three stores: a salon, a party store and a retail shop. Two of the units are rented out through 2026 and one is rented out through 2024. Just sit back and collect the rent. Tenants pay ALL utilities. All spaces have basements. Owner gets reimbursed for water monthly. In the back is enough parking for 8-10 cars. An opportunity to own a turnkey commercial property! Pro Forma and Leases available upon request. NOI is almost $31,000 a year.

Commercial

  • Price
  • $ 530,000
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,550
  • Full Bathrooms
  • 0
  • Year Built
  • 1930
  • Half Bathrooms
  • 3
  • City, Zip
  • Franklin Twp.
  • Taxes
  • $ 8576
  • County
  • SOMERSET
  • Style
  • Strip/Shopping Center
  • Area
  • Franklin Twp.
  • MLS#
  • 3758147
  • Zip
  • 08873
Listing Provided by: TVERDOV REALTY LLC
Data Source: Garden State MLS (GSMLS)

Features

General

Basement Unfinished
Construction Brick/Block
Cooling Wall A/C Unit(s)
Drive Hard Surface
Flooring Laminate
Garage Spaces 10
Heating 3 Units
Property Type Strip/Shopping Center
Property Type Office/Retail, Strip/Shopping Center
Roof Flat
Sewer Public Sewer
Tax Annual Amount 8576
Total Units 3
Town # 2708
Township Franklin Twp.
Utilities Gas In Street
Zoning RC

Interior Features

Fuel Type Gas-Natural

Exterior Features

Building Area Total 2550
Exterior Description Brick/Block
Lot Dimensions 50X116 AVG
Lot Features Corner
Max Ceiling Height 9
Max Door Height 8
Total Parking 10
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Jersey City, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/7/2022 Listed $530,000

Property vs Zip Code Average in 08873

Price
AVG $440K
$530K
Taxes
AVG $48,318
$8,576
Visits
AVG 71
15
Year Built
AVG 1977
1930
Walkscore
AVG 41
72
Data Provided by Walkscore ® not using MLS data

Map

561 Somerset St Franklin Twp., NJ is a Single Family Home for sale at $530000 with 2550 sqft and a lot size of 5,663 SqFt Acre(s). 561 Somerset St Franklin Twp. has 0 bedrooms, 0 baths and was built in 1930. The property's zip code is 08873 which is in Franklin Twp., NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.