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$3,250,000 -$250,000 (-7.14%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Welcome to a prime commercial opportunity in the heart of Somerville! This fully reconstructed property is not only a feast for the eyes but also a lucrative investment opportunity with its modern amenities and strategic location. Total Reconstruction: Brand new roof 🏠 Updated plumbing 🚰 Modern electrical systems ⚡ Brand new HVAC system Situated right at the train station 🚉, ensuring high foot traffic and visibility Close proximity to local attractions, shops, and community events Parking Lot for 13 cars This newly reconstructed commercial property is a rare gem, offering a fantastic blend of modern facilities and prime location. With three restaurant units and a leased apartment, it promises steady income and significant growth potential for the right investors. Don't miss out on this opportunity to be part of Somerville's vibrant community!

Full Property Details for 1 Veterans Memorial Dr

General

  • Price: $3,250,000
  • Taxes: $33,770 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Middlesex
  • MLS ID: 2607323R
  • Updated: 1/23/2026
  • Added to Site: 76 day(s) ago

Interior

  • Interior Features: Refrigeration, Lighting Fixtures
  • Appliances: Refrigeration
  • Flooring: See Remarks, Wood, Lighting Fixtures

Rooms

Other Rooms

  • Living Room: 4,156 Sq. Ft.

Parking

  • Total Spaces: 13
  • Parking Features: On-Site Parking
  • Parking: On Site

Location

  • County: Somerset

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Baseboard, Radiant, Central

Utilities

  • Gas: Natural Gas
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Underground Utilities, Natural Gas Connected

Structural Information

  • Structure Type: Freestanding
  • Roof: Asphalt
  • Stories/Levels: 2
  • Square Feet: 4,156
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 1.15
  • Lot Size (Sq. Ft.): 50,094
  • Lot Dimensions: 0.00 x 0.00
  • Lot Features: Near Shopping, Near Train, Business District
  • Zoning: B-2
  • Lot Description: Near Shopping, Near Train, Business District

Financial Considerations

  • Tax Amount: $33,770
  • Tax Year: 2024
  • Tenant Pays: Cooling, Electricity, Gas, Heat, Water, Janitorial Service

Disclosures and Reports

  • Documents Avail.: See Remarks
  • Property ID: 1800120010000101

Listed by Weichert Co Realtors

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— 1 Veterans Memorial Dr —

  • Weichert Co Realtors

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1 Veterans Memorial Dr

School District:Somerville Borough School District
NameGradesDistance
Van Derveer Elementary School
51 Union Avenue, Somerville, NJ 08876
PK-51 mi
Somerville Middle School
51 West Cliff Street, Somerville, NJ 08876
6-80.4 mi
Somerville High School
222 Davenport Street, Somerville, NJ 08876
9-120.8 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 1 Veterans Memorial Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/23/2026
Price Reduced
$3,250,000
-7.14%
MLS
11/11/2025
Listed
$3,500,000
404.84%
MLS
6/10/2020
Sold
$693,287
—
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 1 Veterans Memorial Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$33,770
5%
$785,900
—
2022
$32,128
9%
$785,900
—
2021
$29,369
—
$785,900
—
2020
$29,350
2%
$785,900
-2%
2018
$28,836
2%
$801,900
—
2017
$28,243
4%
$801,900
—
2016
$27,096
1%
$801,900
—
2015
$26,735
-8%
$801,900
—
2019
$29,149
12%
$801,900
—
2013
$25,990
—
$801,900
—
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 Weichert Co Realtors

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1 Veterans Memorial Drive, Somerville, NJ 08876 (MLS# 2607323R) is a Commercial property. 1 Veterans Memorial Drive is currently listed for $3,250,000 and was received on November 11, 2025. Want to learn more about 1 Veterans Memorial Drive? Do you have questions about finding other Commercial real estate for sale in Somerville? You can browse all Somerville real estate or contact a Coldwell Banker agent to request more information.

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