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46 E Somerset StreetRaritan, NJ 08869

Commercial · 2,428 Sq. ft. | 0.19 Acres
$975,000 Active

46 E Somerset Street Overview

Time on Site:
299 days
Visits:
7

SELLER SAYS ''Submit all Offers'' Nestled in very busy downtown Raritan Boro is an empty office building with a LEASE IN PLACE ! Raritan Foot and Ankle has moved out but is still paying the rent on the current lease until January 31, 2030. Paying a handsome cap rate of 6.01%, you may elect to renovate the building to your liking while collecting your rent !!

Listing provided courtesy of C21/ Action Plus Realty- MLS# 22526703MLS Provider
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46 E Somerset Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,428
  • Price/Sq.ft. $402
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association Amenities: Management, Landscaping

Income/Expenses

  • Insurance Expense: 3523.9
  • Maintenance Expense: 30000.0
  • Operating Expense: 49787.28

Building Information

  • New Construction: No
  • Year Built: 1910

Business Information

  • Business Name: Raritan Foot and Ankle
  • Business Type: Medical,Professional Service,Professional/Office

Location/Region

  • County Or Parish: Somerset
  • MLS Area Major: None
  • MLS Area Minor: Raritan Boro (RAR)
  • Subdivision Name: None

Tax Information

  • Tax Annual Amount: $8,915.00
  • Tax Assessed Value: $0.00
  • Tax Year: 2024

General Information

  • Inclusions: Signs, Business Name
  • Property Sub Type: Office
  • Property Type: Commercial Sale

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 2428.0

General Information

  • Basement: Heated, Partially Finished, Tenant Access
  • Fireplaces Total: 0
  • Flooring: Wood
  • Leasable Area: 2428.0
  • Security Features: Security System
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Lighted, On Site, Parking Lot, Paver Block
  • Parking Total: 10.0

Lot Information

  • Lot Features: Level, Curbing, Highway Frontage, Landscaped, Sidewalks
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Square Feet: 8276.4
  • Water Source: Public

Building Exterior/Construction

  • Roof: Shingle, Sloping

General Information

  • Sewer: Public Sewer, Storm Sewers

46 E Somerset Street Neighborhood

Community

08869 (Raritan) Demographics

44
Median Age
3,845
Population Density (per sq. mile)
44%
College Educated
$82,471
Estimated Median Income
1,697
Estimated Total Home Owners
1,308
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

46 E Somerset Street Monthly Cost

$
$ %
%
$
$
* 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.

46 E Somerset Street Market Data

Based on the last 30 days in this zip code

$479,900
Average List Price
$372
Average Price per Square Foot
0
Properties Sold
48
Average Days on Market
1
Properties for Sale
Calculations provided by Reliance Network

46 E Somerset Street History

Date Event Value Agent
9/3/2025Source: Monmouth Ocean Regional MLS Added to Database
September 03, 2025