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    Mixed-Use Property with Rental Income Title is generated by Realmo AI

    1149 Raritan Avenue, Highland Park, NJ 08904

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    For Sale
    $988,888

    Mixed-use property featuring rental income and commercial parking.

    Type:Commercial
    Property size:
    2,800 SF
    Price / SF:
    $353/SF
    Added:
    Nov 22, 2023
    Days on Market:
    927
    Last Refresh:
    Apr 5 at 9:02 pm

    Property Features for 1149 Raritan Avenue

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1950

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    Listing Contact
    LOUIS TRENTA

    Listing agent LOUIS TRENTA

    Listing office AMERICA AGENCY

    Listing date Nov 22, 2023

    Source Corcoran

    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 AMERICA AGENCY

    HighLights

    • Income‑generating rear rental unit: Provides $2,200 monthly income.
    • Large rear garage: Offers 800‑1000 sq. ft. space with 2 electric overhead remote controls and parking for 4 commercial trucks.
    • Environmentally clean: All necessary permits are approved.
    • Loading dock: 6x8 concrete slab provides convenient access.
    • Potential for gas hookup: Gas line available in the street.
    • Established occupancy: All permits obtained.

    Overview

    This mixed-use property, owned since 1958, offers a range of features and income potential. The building does not have gas, but gas is available in the street for hookup. A rear rental unit of 800 square feet generates $2,200 per month, inclusive of heat, with the tenant responsible for utilities. The rear unit is accessible from the Lexington Avenue side. The property features hot water baseboard heat with a separate thermostat. The rental unit has separate central air, while the front unit is equipped with a wall air conditioner. The owner covers the heat and hot water expenses for the rental unit. The building has all approved permits. The rear garage provides approximately 800-1000 square feet of space and includes two electric overhead remote controls, accommodating parking for four commercial trucks. A 6x8 loading dock is situated on the side of the building, leading to the front unit. A 150-foot radio tower, currently not in use but previously rented to a mobile phone company, is located at the rear of the building. 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 six months to relocate and may need a use of occupancy if necessary. The property size is 2800 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.417
    Latitude
    40.5051

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring rental income and commercial parking.
    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: Income‑generating rear rental unit: Provides $2,200 monthly income.; Large rear garage: Offers 800‑1000 sq. ft. space with 2 electric overhead remote controls and parking for 4 commercial trucks.; Environmentally clean: All necessary permits are approved.
    More about this property
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