For Sale
$1,100,000

10 Sherman Ave Raritan, NJ 08869

High-Yield Property, Excellent Location

Overview

Added:
Feb 3
Days on market:
84
This exceptional investment opportunity presents a free-standing, 3,287 square foot retail building and a fully leased two-family residence situated on a 0.33-acre lot in Raritan, NJ, on Route 206 North. The retail space offers significant income potential, boasting a recently installed new roof. The attached two-family dwelling provides additional consistent rental income, enhanced by recent upgrades. These improvements include brand new replacement windows and soffits, along with new gutters. One apartment features newly installed hardwood floors, fresh carpeting, and a renovated bathroom. The basement of the two-family unit has undergone a complete remodel, including a new full bathroom and the installation of new French drains. This property offers a compelling combination of established rental income and potential for future appreciation, making it an attractive investment for discerning buyers. Detailed financial information, including income and expense statements, is available upon request. The property's prime location on Route 206 North in Somerset County ensures high visibility and accessibility. This turnkey investment is ready for immediate income generation. Don't miss this chance to acquire a well-maintained, high-yield property in a desirable location.

Property Details for 10 Sherman Ave

Property type
Commercial real estate
Square Feet
3,287 SF
Year Built
1930
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Raritan
County
Somerset
State
New Jersey
Latitude
40.57248
Longitude
-74.62673

FAQs

What type of property is this?
Commercial real estate - High-Yield Property, Excellent Location
Where is the commercial real estate located?
The property is located at 10 Sherman Ave Raritan, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
10 Sherman Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message