Properties

Description

Investment opportunity in the heart of North Plainfield! 196 & 200 Somerset Street offer a rare chance to own two income-producing buildings on one oversized lot with ample on-site parking. A unique mixed-use asset with strong cash flow and future upside. 200 Somerset features a 4-unit residential building comprised of three 1-bedroom apartments plus one 2-bedroom duplex unit. 196 Somerset includes a street-level liquor store with four additional 1-bedroom apartments above, creating a diverse income stream with both commercial and residential tenants. Positioned on a large lot in a high-visibility location, this property offers approximately a 6% cap rate with potential value-add and redevelopment opportunities for investors looking to maximize the site's long-term potential. Whether you're seeking steady cash flow, mixed-use exposure, or future development possibilities, this is a rare portfolio-style offering in a growing Somerset County corridor. Perfect for investors, developers, or owner-operators looking to secure a high-demand mixed-use property with existing income and upside potential

Features

  • Heating System : Baseboard - Hotwater
  • Cooling System : Window A/c(s)
  • Basement : Walkout
  • Roof Deck : Flat
  • Tax Assessed Valuation: 402400
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: SIGNATURE REALTY NJ
  • Office MLS ID: 413401
  • Agent ID: 294539
  • Tax: 18281
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: B1

Commercial For Sale

For Sale
$2,000,000

194 Somerset St, North Plainfield Boro, *

  • SQFT 23 Acre
  • Built Year 1910

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5430549
  • Price: $2,000,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1910
  • Year Built Description: Approximate, Renovated
  • Lot Area: 23 Acre
  • Status: Active
  • Days On Market: 110

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Somerset
  • City North Plainfield Boro
  • Zipcode *
  • Street: Somerset St
  • Street Number: 194
  • Street Direction: From US-22 W, take Somerset St exit and continue t
  • Floor Number: 0
  • Longitude: W75° 34' 21.8''
  • Latitude: N40° 37' 13.8''
  • Internet Display Address: Yes
Property