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$2,000,000 Just Listed

  • For Sale
  • Active
  • Commercial
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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

Full Property Details for 194 Somerset St

General

  • Price: $2,000,000
  • Taxes: $18,281 (2025)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4026345
  • Updated: Today (5/8/2026)
  • Added to Site: Today

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: See Remarks

Parking

  • Parking: Driveway-Exclusive, Parking Lot-Exclusive

Location

  • County: Somerset
  • Driving Directions: From US-22 W, take Somerset St exit and continue to 200 Somerset St. Property on right.
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Construction: See Remarks
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Walk-Out
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 3,000
  • Aprox. Leasable: 3,000 Sq. Ft.
  • Year Built: 1910
  • Remodeled/Updated: 2020

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size: 23X126
  • Zoning: B1

Financial Considerations

  • Price Per Sq. Ft.: $9
  • Operating Expenses: $65,168
  • Assessment Amount: $402,400
  • Land Assmt: $166,000
  • Tax Amount: $18,281
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses, Leases, Pro Forma
  • APN: 2714-00084-0000-00022-0000-
  • Block: 84
  • Lot Number: 22

Listed by Signature Realty Nj

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Listing agent

— 194 Somerset St —

  • Signature Realty Nj

908-721-1613

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 194 Somerset St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$2,000,000
225.2%
MLS
6/05/2020
Sold
$615,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 194 Somerset St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$17,537
7%
$402,400
—
2022
$16,422
1%
$402,400
—
2021
$16,213
8%
$402,400
—
2018
$14,997
-1%
$402,400
—
2017
$15,191
5%
$402,400
—
2016
$14,442
4%
$402,400
—
2015
$13,830
-10%
$402,400
—
2019
$15,323
22%
$402,400
—
2013
$12,551
—
$402,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Signature Realty Nj

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194 Somerset St, North Plainfield, NJ 07060 (MLS# 4026345) is a Commercial property. 194 Somerset St is currently listed for $2,000,000 and was received on May 08, 2026. Want to learn more about 194 Somerset St? Do you have questions about finding other Commercial real estate for sale in North Plainfield? You can browse all North Plainfield real estate or contact a Coldwell Banker agent to request more information.

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