194 Somerset St,North Plainfield Boro, NJ 07060
North Plainfield Boro, NJ 07060
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
Details
| MLS # | 4026345 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 158 |
| Listing Provided By | SIGNATURE REALTY NJ | STEPHANIE SOARES |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 5 |
| Zoning | B1 |
Taxes
| Property | 18281 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Somerset |
| City | North Plainfield Boro |
| Zip Code | 07060 |
| Area | Somerset |
| Listing VS Median (in 07060) | |
Price: $1,950,000 low | high Med: $524,900 On site: 158 low | high Med: 18 | |
Market Activity 07060
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NJ |
|---|---|
| County | Somerset |
| City | North Plainfield Boro |
| Zip Code | 07060 |
| Area | Somerset |
| Listing VS Median (in 07060) | |
Price: $1,950,000 low | high Med: $524,900 On site: 158 low | high Med: 18 | |
