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701 Somerstown LnGalloway Township, NJ 08205

Commercial
$595,000 Active

701 Somerstown Ln Overview

Time on Site:
67 days
Visits:
5

Prime Office Building, suitable for many uses. 3,500 +- sqft situated on a 3/4 acre at the intersection of Rt9 (New York Rd) and Somerstown Lane. Excellent road front signage and 17+- paved parking spaces. Fully Leased to a well established company (lease details provided with a signed NDA). Landlord pays the property taxes and building insurance. Zoned (CC-2) Community Commercial-2. Ideal for investment, by extending with the current Tenant for more years, or for an end user who wants to have it for their occupancy and use in Summer 2027. *NOTE: The Owner is allowing the existing Tenant until the end of April to present an offer to purchase, before considering other potential Buyers.

Listing provided courtesy of BALSLEY/LOSCO- MLS# 607046MLS Provider
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701 Somerstown Ln Facts & Features

  • Type Commercial

Details

General

Listing Information

  • Auction: No
  • Bank Owned/Foreclosure: No

Building Information

  • AGE: 16 to 20 Years
  • Year Built: 1997

Location/Region

  • County Or Parish: Atlantic
  • LOCATION: Business District,Corner
  • MLS Area Major: Galloway Twp

Tax Information

  • Tax Annual Amount: $12,204.00
  • Tax Year: 2025

General Information

  • Property Type: COMMERCIAL/INDUSTRIAL

Interior

General Information

  • Basement: Crawl Space
  • Cooling: Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Multi-Zoned

Unit Information

  • Unit 3 Unit: No

Exterior

Parking Information

  • Parking Total: 11 or More Spaces,Off Street,Paved

Lot Information

  • Lot Size Dimensions: 192' x 175'
  • Water Source: Private, Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Office Building
  • Construction Materials: Vinyl
  • Roof: Asphalt, Pitched

General Information

  • Road Frontage Type: State,Township
  • Sewer: Private, Septic

701 Somerstown Ln Neighborhood

Community

08205 (Galloway Township) Demographics

42
Median Age
511
Population Density (per sq. mile)
42%
College Educated
$72,004
Estimated Median Income
8,091
Estimated Total Home Owners
2,117
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

701 Somerstown Ln Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

701 Somerstown Ln Market Data

Based on the last 30 days in this zip code

$363,340
Average List Price
$210
Average Price per Square Foot
9
Properties Sold
55
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

701 Somerstown Ln History

Date Event Value Agent
4/23/2026Source: South Jersey Shore MLS Added to Database
April 23, 2026