Mixed-Use Property with Dental
For Sale
$939,900
321 Raritan Avenue, Highland Park, NJ 08904
Commercial Sale, Highland Park, NJ
Property Size2,420 SF
Lot Size0.16 Acres
Price / SF$388.39
Days on Market45
Property Features for 321 Raritan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
7
Parking features
Parking Lot, On Street, Driveway, Open
Appliances
Refrigerator
Lot features
Near Public Transit, Near Shopping, Business District, Commercial Area
Directions
Take US-1 N to NJ-27 S/Raritan Ave in Highland Park.
Standard status
Active
APN
0701604000000041
Size
2,420 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17106
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Zoned
Cooling system
Zoned
Water source
Public
Building Details
Year built
1700
Floors in Building
2
Number of units
1
Flooring type
Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
HALO REALTY
(848) 433-1006
Listed By:
Regina Rodriguez · License #0898073
(732) 318-0196
Added: Aug 27
Changed: Oct 10
Last Checked: Oct 10 at 6:06AM
MLS# 2703461R
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 2,420-square-foot mixed-use property contains two occupied spaces. The upper level is a three-bedroom, one-bath apartment under a 12-month lease. A dental office occupies the lower-level professional suite. The building also has an unfinished basement and a possible third-floor unit, subject to zoning, permits, and approvals.
The 0.1561-acre property is at 321 Raritan Avenue in Highland Park, New Jersey, and is zoned CBD. Public water and public sewer serve the property. Parking options include a lot, driveway, and on-street parking.
The 0.1561-acre property is at 321 Raritan Avenue in Highland Park, New Jersey, and is zoned CBD. Public water and public sewer serve the property. Parking options include a lot, driveway, and on-street parking.
Key Highlights
- 2,420‑square‑foot mixed‑use property on a 0.1561‑acre lot
- Upper‑level apartment has 3 bedrooms, 1 bathroom, and a 12‑month lease
- Lower‑level professional suite is occupied by a dental office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,026
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,520
$740.5K
Cap Rate 7%
$528,943
$528.9K
Cap Rate 9%
$411,400
$411.4K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$72.6K $30.00/SF
− Vacancy
−$23.2K −$9.60/SF
EGI
$49.4K $20.40/SF
− OpEx
−$12.3K −$5.10/SF
NOI
$37.0K $15.30/SF
Area
Middlesex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,520
Cap Rate 7%
$528,943
Cap Rate 9%
$411,400
Alternative Uses
Best Use
Office B
$528.9K
$462.8K – $617.1K
NOI $37,026 @ 7.0% cap · market cap 3.94%
Second Best
Healthcare Medical
$514.8K
$450.4K – $600.6K
NOI $36,033 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$631.9K
$552.9K – $737.2K
NOI $44,234 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A residential apartment and occupied professional suite share the building, with unfinished basement space for storage.
Where is this mixed-use property located?
The property is located at 321 Raritan Avenue Highland Park, NJ.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: 2,420‑square‑foot mixed‑use property on a 0.1561‑acre lot; Upper‑level apartment has 3 bedrooms, 1 bathroom, and a 12‑month lease; Lower‑level professional suite is occupied by a dental office
