72 End AveSomerville, NJ 08876

Property Details for 72 End Ave

Construction

BRICK

Lot size

0.47 AC

Property type

Commercial real estate

APN

18 00136-0000-00019

APU

1800136000000019

Description

This exceptional 7,040 square foot free-standing medical/office building in Somerville, New Jersey, presents a compelling investment opportunity. Located at 72 West End Avenue, 08876, the property boasts a meticulously maintained brick exterior and is situated on professionally landscaped grounds. The building features a newly paved 37-car private parking lot, ensuring ample parking for tenants and visitors. Recent upgrades include a new roof and HVAC system, contributing to the building's excellent condition. Currently, the building is fully leased to two tenants: a medical office affiliated with RWJ occupying 4,910 square feet, and a law firm leasing the remaining 2,130 square feet on the second floor. The property generates a net operating income (NOI) of $92,555. This turnkey investment offers a strong return and the benefit of long-term, stable tenants in a desirable location within Somerset County. The building's dual-use functionality as both medical and traditional office space enhances its versatility and appeal to a broad range of potential tenants. The property's excellent condition, coupled with its strong financial performance, makes it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The location in Somerville, NJ offers easy access to major transportation routes and amenities.

• Alternative Use

  Use

  Valuation

  Residential

  $3,841,743

  Hospitality

  $3,519,016

  Educational

  $2,927,780

  Medical

  $3,028,471

  Retail

  $4,554,324

Location Insight

City

Somerville

County

Somerset

State

New Jersey

Latitude

40.572

Longitude

-74.6207

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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