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1149 Raritan Ave Highland Park, NJ 08904

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For Sale
$988,888

Mixed-use property featuring rental income and commercial parking.

Property size:
2,800 SF

Property Features for 1149 Raritan Ave

General Information

Standard status
Active
Size
2,800 SF

Building Details

Year built
1950

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Listing Contact
Louis Trenta
Source: Corcoran

Listing Agency: AMERICA AGENCY Listing Agent: Louis Trenta

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Property with Rental Income

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.
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

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  • Local Demand
City
Highland Park
County
Middlesex
State
New Jersey
Longitude
-74.41703
Latitude
40.5050877

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 Ave 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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