About 200 Somerset St
Investment opportunity in the heart of North Plainfield! 196 & 200 Somerset Street offer a rare chance to own two income-producing buildings with a total of 9 units 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 two studio apartments, one 1 bedroom & one 2-bedroom duplex unit with basement. 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 7.2% cap rate with locked-in commercial lease escalation beyond the pro forma, 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.
Features of 200 Somerset St
| MLS® # | 4026337 |
|---|---|
| Price | $1,950,000 |
| Square Footage | 2,500 |
| Acres | 0.22 |
| Year Built | 1910 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 200 Somerset St |
|---|---|
| City | North Plainfield Boro |
| County | Somerset |
| State | NJ |
| Zip Code | 07060-4945 |
Amenities
| Utilities | Gas-Natural |
|---|---|
| Parking | Driveway-Exclusive, Off-Street Parking, Parking Lot-Exclusive |
Interior
| Heating | Gas-Natural |
|---|---|
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Walkout |
Exterior
| Exterior | Aluminum |
|---|---|
| Roof | Asphalt Shingle |
Additional Information
| Date Listed | May 8th, 2026 |
|---|---|
| Days on Market | 154 |
| Zoning | B1 |
Listing Details
| Office | SIGNATURE REALTY NJ |
|---|---|
| Contact Info | 908-721-1613 |