Mixed-Use Property with Rental
For Sale
$988,888
1149 Raritan Avenue, Highland Park, NJ 08904
Mixed-use property featuring rental income and commercial parking.
Property Size2,800 SF
Price / SF$353.17
Days on Market1021
Property Features for 1149 Raritan Avenue
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
AMERICA AGENCY
Listed By:
LOUIS TRENTA
(732) 985-7894
Source:
Actionplusrealty
Added: Nov 25, 2023
Changed: Sep 10
Last Checked: Sep 10 at 5:27AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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Business Placement
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
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Frequently Asked Questions
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.
