Highland Park Mixed-Use
1149 Raritan Avenue Highland Park, NJ 08904
1149 Raritan Avenue, Highland Park, NJ, 08904
$988,888
For Sale
$988,888
COMMERCIAL - Highland Park, NJ
Property Size2,800 SF
Lot Size0.10 Acres
Price / SF$353.17
Days on Market973
Property Features for 1149 Raritan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- c
- Parking
- 3
- Parking features
- On Street
- Standard status
- Active
- APN
- 0701207000000017
- Size
- 2,800 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 14182
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard, Zoned
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Concrete, Tile - Ceramic, Carpet, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
AMERICA AGENCY
(800) 541-1999
1604 STATE HWY 27, Edison, NJ
Listed by
Louis Trenta
(732) 985-7894
Added: Nov 21, 2023 Updated: Jul 7 at 3:41 pm Checked: Jul 21 at 12:06 am
MLS# 2405718R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property is located in Highland Park, NJ. The building has no gas, but gas is available in the street for hook up. The owner has maintained the property since 1958. The property includes an 800 square foot rear rental unit, currently leased for $2,200 per month, which includes heat, with the tenant responsible for utilities. The rear unit is accessible from the Lexington Avenue side. The building features hot water baseboard heat throughout, with a separate thermostat. The rental unit has separate central air, while the front unit has a wall air conditioner. The owner covers the cost of heat and hot water for the rental unit. The building has been environmentally assessed and has all approved permits. A rear garage offers approximately 800-1000 square feet of space, equipped with two electric overhead remote controls and parking for 4 commercial trucks. The side of the building features a 6x8 concrete slab loading dock for the front unit. At the rear of the building is a 150 ft. radio tower, currently not in use but previously rented to a mobile phone company. The rental lease on the rear unit has 18 months remaining before termination. All permits for occupancy have been obtained. The owner may require up to 6 months to relocate and may need a use of occupancy if necessary. The lot size is 0.1033 acres, and the property size is 2800 square feet.
Key Highlights
- Rear rental unit is 800 SF rented for $2,200/month; tenant pays utilities and heat is included
- One hot water baseboard heating system throughout with separate thermostat; building has zoned heating
- Central air cooling plus front unit wall air conditioner; no gas in the building (gas available in street for hookup)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.5k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.1k | $20.39 |
| − OpEx | −$17.1k | −$6.12 |
| NOI | $40.0k | $14.27 |
2,800 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 4.04%
Second Best
Mixed Use
$346.1K
$302.8K – $403.8K
NOI $24,227 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with rental income and commercial potential.
Where is this mixed-use property located?
The property is located at 1149 Raritan Avenue Highland Park, NJ.
What is the asking price?
The asking price for this property is $988,888.
What are key features of this property?
This property features: Rear rental unit is 800 SF rented for $2,200/month; tenant pays utilities and heat is included; One hot water baseboard heating system throughout with separate thermostat; building has zoned heating; Central air cooling plus front unit wall air conditioner; no gas in the building (gas available in street for hookup)
