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MixedUse For Sale

194 Somerset St, North Plainfield Boro, Somerset 07060-4832

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Property 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

Basic Details
Property Type:
MixedUse
Listing Type:
For Sale
Listing ID:
4026345
Price:
$2,000,000
Year Built:
1910
Lot Area:
0.07 Acre
Status:
Active
Office Name:
SIGNATURE REALTY NJ
Roof:
Flat
Features
Heating System:
Baseboard - Hotwater
Cooling System:
Window A/C(s)
Basement:
Walkout
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Somerset
County:
Somerset
City:
North Plainfield Boro
Zipcode:
07060-4832
Street:
Somerset St
Street Number:
194
Longitude:
W75° 34' 21.8''
Latitude:
N40° 37' 13.8''
Directions:
From US-22 W, take Somerset St exit and continue to 200 Somerset St. Property on right.
Zoning:
B1
Additional Information
Lot Size Dimensions:
23X126
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Building Size:
3000
Financial
Tax Annual Amount:
18281
Listing Information
List Agent Mls Id:
294539
List Office Mls Id:
413401
Mls Status:
Active
Modification Timestamp:
2026-05-08T17:21:25Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4026345
Lot Area:
0.07 Acre
$2,000,000
Agent info
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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
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