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$975,000

  • For Sale
  • Active
  • Office
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SELLER SAYS ''Submit all Offers'' Nestled in very busy downtown Raritan Boro is an empty office building with a LEASE IN PLACE ! Raritan Foot and Ankle has moved out but is still paying the rent on the current lease until January 31, 2030. Paying a handsome cap rate of 6.01%, you may elect to renovate the building to your liking while collecting your rent !!

Full Property Details for 46 E Somerset St

General

  • Price: $975,000
  • HOA FEE: $30,000
  • Taxes: $8,915 (2024)
  • Status: Active
  • Type: Office
  • Source: Monmouth
  • MLS ID: 22526703
  • Updated: 9/26/2025
  • Added to Site: 138 day(s) ago

Business

  • Name: Raritan Foot and Ankle
  • Business Type: Medical, Professional Service, Professional/Office

Rental Information

  • Complex Features: Landscaping, Professional Mgmnt

Interior

  • Flooring: Wood

Additional Information

  • Shared Amenities: Management, Landscaping
  • Security/Safety: Security System

Parking

  • Total Spaces: 10
  • Parking Features: Lighted, On-Site Parking, Parking Lot, Paver Block

Location

  • Area: Raritan Boro (RAR)
  • Municipality: Raritan Boro (RAR)
  • County: Somerset
  • Subdivision: None
  • Location Details: Business District, Near Bus Stop, Near Railroad, Other (See Remarks)

Utilities

  • Gas: At Street
  • Dist. to Gas: At Street
  • Sewer: Public Sewer, Storm Sewers
  • Water: Public

Structural Information

  • Roof: Shingle, Sloping
  • Square Feet: 2,428
  • Current Bldg. Use: Medical, Professional Service, Professional/Office
  • Office: 2,428 Sq. Ft.
  • Minimum Avail: 2,428 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size (Sq. Ft.): 8,276.4
  • Lot Features: Level, Curbing, Highway Frontage, Landscaped, Sidewalks
  • Zoning: Central Business, Commercial, General Highway, Office, Professional

Financial Considerations

  • Price Per Sq. Ft.: $401.57
  • Sub Lease Exp.: 2030-01-31
  • Maint. Fee/Month: $30,000
  • Tax Amount: $8,915
  • Tax Year: 2024

Disclosures and Reports

  • Documents Avail.: Lease
  • Inclusions: Signs, Business Name
  • Section: None

Listed by C21/ Action Plus Realty, Robert Skinner

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Listing agent

— 46 E Somerset St —

  • Robert Skinner

    C21/ Action Plus Realty

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

Schools serving 46 E Somerset St

School District:Bridgewater-Raritan Regional School District
NameGradesDistance
John F. Kennedy Elementary School, Raritan, NJ
255 Woodmere Street, Raritan, NJ 08869
K-41 mi
Eisenhower Elementary School
791 Eisenhower Avenue, Bridgewater, NJ 08807
5-63.4 mi
Brdgwtr Raritn Middle School
128 Merriwood Road, Bridgewater, NJ 08807
7-82.4 mi
Bridgewater Raritan High School
600 Garretson Road, Bridgewater, NJ 08807
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 46 E Somerset St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2025
Listed
$975,000
68.1%
MLS
6/14/2022
Sold
$580,000
—
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 46 E Somerset St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,624
5%
$322,300
—
2023
$9,176
3%
$322,300
—
2022
$8,915
6%
$322,300
—
2021
$8,380
2%
$322,300
—
2019
$8,219
4%
$322,300
—
2018
$7,900
3%
$322,300
—
2017
$7,690
2%
$322,300
—
2016
$7,542
4%
$322,300
—
2015
$7,223
-2%
$322,300
—
2013
$7,397
—
$322,300
—
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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NMLS#: 1598647

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Listed by C21/ Action Plus Realty, Robert Skinner

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46 E Somerset Street, Raritan, NJ 08869 (MLS# 22526703) is a Office property. 46 E Somerset Street is currently listed for $975,000 and was received on September 04, 2025. Want to learn more about 46 E Somerset Street? Do you have questions about finding other Office real estate for sale in Raritan? You can browse all Raritan real estate or contact a Coldwell Banker agent to request more information.

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