
106 Somerset St
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.
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