201-217 Main StSomerville, NJ 08876

The Granetz Building, a four-story, 45,000-square-foot mixed-use property at 201-217 W Main St, Somerville, NJ 08876, presents a unique redevelopment opportunity. This distressed sale offers a 29,625-square-foot lot in a coveted location, just 0.4 miles from the Somerville Train Station. Built in 1890, the Class D building currently sits vacant with a $4,250,000 asking price ($94/sq ft). The property's B-2 Commercial & Special Improvement District zoning allows for significant flexibility in future development plans, with strong potential for either apartment or condominium projects. Its prime location in downtown Somerville, a thriving area with nearby national retailers like ShopRite, Chase, Starbucks, Walgreens, Bank of America, and Dunkin', ensures high visibility and accessibility. The building's history as a woolen mill and later a furniture store adds to its unique character and redevelopment potential. This is a highly motivated seller offering an as-is sale. The property's size and location make it an exceptional investment for future redevelopment. The building's 45,000 square feet of net rentable space offers significant potential for a transformative project.