Mixed-Use Property with
113 Harrison Ave #1, Roseland, NJ 07068
For Sale
$1,100,000
A two-building configuration pairs a two-bedroom residence with separate commercial space and shared on-site parking.
Property Size2,800 SF
Price / SF$392.86
Days on Market50
Property Features for 113 Harrison Ave #1
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Building Details
Building Size
Buildings
Stories
Units
Listing Agency:
Lattimer Realty
(973) 226-1717
Listed By:
Alfred J. Tolli Jr.
(973) 310-7360
Source:
Arcadiarealtors
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lattimer Realty
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Investment Insights
Based on property information with market context.
The property comprises a residence and a separate commercial building. The rear building measures 2,800 square feet and includes reception and office areas, a bathroom, a garage with two overhead doors, a loading dock, and warehouse-style storage. The front residence has two bedrooms, one bathroom, an eat-in kitchen, dining and living areas, an enclosed porch or mudroom, and an unfinished basement. A patio serves the backyard.
A parking area between the buildings accommodates 10–12 vehicles. The property is zoned R-4 and has access to Routes 280, 80, 10, 46, the Garden State Parkway, and Route 287. Local shops and restaurants are nearby.
The residential and commercial components are separate buildings, with parking positioned between them. The home’s layout also includes a dining area and living room, while the commercial space combines office functions with garage and storage areas.
A parking area between the buildings accommodates 10–12 vehicles. The property is zoned R-4 and has access to Routes 280, 80, 10, 46, the Garden State Parkway, and Route 287. Local shops and restaurants are nearby.
The residential and commercial components are separate buildings, with parking positioned between them. The home’s layout also includes a dining area and living room, while the commercial space combines office functions with garage and storage areas.
Key Highlights
- Separate residential and commercial buildings on one property
- 2,800‑square‑foot commercial building with office areas, loading dock, and warehouse‑style storage
- Garage has two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,960
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,200
$779.2K
Cap Rate 7%
$556,571
$556.6K
Cap Rate 9%
$432,889
$432.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$49.4K $17.64/SF
− Vacancy
−$3.6K −$1.27/SF
EGI
$45.8K $16.37/SF
− OpEx
−$6.9K −$2.46/SF
NOI
$39.0K $13.91/SF
Area
Essex County, NJ
Vacancy
7.20%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,200
Cap Rate 7%
$556,571
Cap Rate 9%
$432,889
Alternative Uses
Best Use
Warehouse
$556.6K
$487.0K – $649.3K
NOI $38,960 @ 7.0% cap · market cap 3.54%
Second Best
Mixed Use
$552.0K
$483.0K – $644.0K
NOI $38,640 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 07068, NJ
6,299
Population
2,470
Households
2.6
Avg Household Size
49
Median Age
66%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
1,750
Density / Sq Mi
$160,644
Median Household Income
$89,771
Median Earnings
$3,293
Median Rent
$640,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Essex County, NJ
Properties on Market for Mixed-use properties in Essex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-building configuration pairs a two-bedroom residence with separate commercial space and shared on-site parking.
Where is this mixed-use property located?
The property is located at 113 Harrison Ave #1 Roseland, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Separate residential and commercial buildings on one property; 2,800‑square‑foot commercial building with office areas, loading dock, and warehouse‑style storage; Garage has two overhead doors
