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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
7201629
7201620

106 Somerset St, Garfield, NJ 07026

MT
NJ NJ 9909565, NY NY9999
Michael Properties
Listed by Michael Properties
$2,990,000
1465 days on market
Updated 15 days ago
Opportunity zone

106 Somerset St

Details
Property Type Industrial
Sub Type Flex, Warehouse (+1)
Square Footage 24,000
Tenancy Vacant
Price per SqFt $125
Broker Co-Op Yes
Year Renovated 2006-2021
Stories 3
Zoning industrial
Investment Type Redevelopment

Industrial | 24,000 SqFt

Marketing description

24,000 sqft , three levels, located alongside the Garfield Passaic St Train station. No parking. Currently separated into 9 spaces. Possible seller financing available.

Investment highlights

Investment Opportunity | Garfield, NJ
Presenting a rare chance to acquire an iconic, one-of-a-kind commercial asset directly adjacent to the Passaic Street Train Station in Garfield, New Jersey. This distinctive triangle-shaped landmark encompasses approximately 28,000 square feet of highly adaptable flex commercial space, currently divided into nine individual units, offering both potentially immediate in-place income and substantial repositioning potential.
Strategically located in a rapidly evolving corridor surrounded by new and future development initiatives, the property is exceptionally well-suited for a wide range of uses including industrial, storage, logistics support, office, retail or creative commercial applications. Its immediate proximity to public transit provides built-in commuter exposure, while access to major highways enhances regional connectivity for tenants and operators alike.
This is a compelling value-add investment opportunity for an owner-user or investor seeking to unlock long-term upside through lease-up, renovation, reconfiguration or redevelopment strategies. With strong market fundamentals and continued growth in the surrounding area, the asset presents the potential to be transformed into a premier income-producing property.
Endless possibilities—bring your vision and capitalize on this irreplaceable location.

Listing Contacts

MT
NJ NJ 9909565, NY NY9999
Michael Properties
Listed by Michael Properties

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Additional Information

Name
Michael Todaro
License
NJ 9909565
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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