53 Somerset St - Flex FOR SALE


Hopewell, NJ 08525
$584,000 USD
609-468-3899
53 Somerset St, Hopewell, NJ for Sale
$584,000 USD
Flex - FOR SALE
1/17
null | 5% Cap Rate

53 Somerset St
Hopewell, NJ 08525


HIGHLIGHTS

  • business owners are local community members and are long term tenants
  • fully fenced yard, can accommodate in total about 25 vehicles, and parking for about 5 cars in the front
  • Great location at the edge of town
  • well maintained buildings each with lavatory
  • the lot has 208 feet of road frontage

OVERVIEW

Hopewell Boro Mixed use property. 2 separate commercial buildings, with fenced, stoned vehicle storage areas. Building #1 53 Somerset: masonry and frame building , oversized bays an easily accommodate 4 vehicles, half bath, and separate work area with back door, (vehicle entry sized) to yard. This space is versatile and can accommodate vehicles or workshop. Second floor 1200 sq ft 2 bedroom apartment. Building #2 , mailbox notes 95 Somerset Street, (it is part of the same parcel and the legal address is 53); 850 sq ft 1 story metal commercial building, 1 bay, half bath. vehicle storage yard. Tenants pay their own utilities. The fenced yard areas could probably accommodate 25 vehicles in total and 5 car parking in front of buildings. Tenants are local business owners and have been long term good tenants.

FOR SALE DETAILS

PRICE

$584,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

Lighting, Gas - Propane, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49

LAND SF

21,369

ZONING

MR

APN/PARCEL ID

05-00018-0000-00015

ASK ABOUT THIS PROPERTY

Susan DeHavenCorcoran Sawyer SmithMore Info
609-468-3899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Susan DeHavenCorcoran Sawyer SmithMore Info
609-468-3899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.