2 Buildings With 10 Apartment Units, 4 Business Units Sold In Raritan

RARITAN, NJ — Two buildings that include 10 apartment units, four commercial suites, and a shared parking lot were recently sold on W. Somerset Street in Raritan.

NAI DiLeo-Bram & Co. (NAIDB) facilitated the sale of the two-building mixed-use package located at 54 and 13 W. Somerset St.

The buildings are situated at the corner of West Somerset and Wall streets and are a five-minute walk to NJ Transit’s Raritan Station.

"This portfolio represented a unique opportunity for an investor seeking exposure in a town that is growing rapidly in both population and commerce," said Associate Vice President Kelly Bayer. "While both properties are in excellent condition, they also anchor a prominent corner in Raritan’s blossoming central business district. As a result, the portfolio has a sustained upper-tier occupancy rate, underscoring its enduring appeal and sought-after locale."

The ongoing transformation of downtown Raritan and the area around the train station continues to fuel demand for mixed-use properties, according to NAIDB.

Have a news tip? Email alexis.tarrazi@patch.com.