81 Somerset StSomerville, NJ 08876

  • Commercial real estate
  • 0.15 AC
For Sale
$925,000 View listing

Property Details for 81 Somerset St

Construction
CONCRETE BLOCKS
Lot size
0.15 AC
Property type
Commercial real estate
APN
18 00125-0000-00008
APU
1800125000000008

Description

This exceptional turnkey laundromat business at 81 Somerset St, Somerville, NJ 08876, is offered for sale at $925,000. Located in the heart of downtown Somerville, this well-established business boasts high-volume drop-off and self-service operations, ensuring a consistent revenue stream. The property itself presents significant expansion opportunities. The existing building allows for the addition of more washer units to increase capacity and cater to growing demand. Furthermore, there's potential to develop a second-floor apartment, adding another lucrative income stream and enhancing the overall value of the property. This prime location in Somerset County, New Jersey, guarantees high visibility and easy access for customers. The business is currently operating profitably, making this a compelling investment opportunity for an entrepreneur seeking a thriving, established enterprise with significant upside potential. Financial details are available upon request. The property's coordinates are 40.5696082 latitude and -74.6228873 longitude. This is a rare chance to acquire a successful business with a strong foundation and substantial growth prospects. Serious inquiries only.

Location Insight

City
Somerville
County
Somerset
State
New Jersey
Latitude
40.5696
Longitude
-74.6229
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
$16,631
$114,900
$327,300
$442,200
-
$114,900
$327,300
$442,200

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