58 Main StSomerville, NJ 08876

  • Other commercial real estate
  • 1.50 AC
For Lease
$22/SF/YR View listing

Property Details for 58 Main St

Construction
FRAME
Lot size
1.50 AC
Zone code
B-2
Property type
Other commercial real estate
APN
18 00063-0000-00032- 03
APU
180006300000003203

Description

This exceptional executive office space, totaling 2,300 square feet, is ideally situated in the heart of downtown Somerville, New Jersey. Located in a four-story building constructed in 2000 and extensively renovated in 2022, this suite offers a modern and efficient workspace. The building boasts a total of 72,000 square feet and is currently configured with a single suite, although the minimum divisible space is 2,300 square feet, and the maximum contiguous space available is also 2,300 square feet. The available space is 1,853 square feet. This prime location offers unparalleled convenience, being directly across from the Somerset County Administration Building and Courthouse. A 704-car parking garage is conveniently located nearby, ensuring ample parking for tenants and visitors. The building's amenities extend beyond parking, including a fitness center, and the vibrant downtown area provides easy access to a variety of restaurants and shopping options. NJ Transit is just two blocks away, providing excellent public transportation access. The property sits on a 1.55-acre lot and is zoned B-2. The asking rent is $22 per square foot, plus taxes and expenses. This is a rare opportunity to secure high-quality office space in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,364,884
    Hospitality
    $11,326,167
    Educational
    $9,423,238
    Medical
    $9,747,318
    Retail
    $14,658,370
58 Main St, Somerville, New Jersey

Location Insight

City
Somerville
County
Somerset
State
New Jersey
Latitude
40.567
Longitude
-74.6099
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$242,827
$1,800,000
$4,140,000
$5,940,000
-
$1,800,000
$4,140,000
$5,940,000

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