Commercial Land With Existing
330 Raritan Ave, Highland Park, NJ 08904
For Sale
$4,800,000
Vacant commercial property with Central Business District zoning and redevelopment potential subject to municipal approvals.
Property Size15,328 SF
Days on Market99
Property Features for 330 Raritan Ave
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
Listed By:
Brandon Senia · License FL SL3540848
(407) 745-0685
Source:
Matthews
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 14 at 2:08AM
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 Matthews Real Estate Investment Services | Fort Lauderdale
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Investment Insights
Based on property information with market context.
The offering combines a 15,328-square-foot vacant commercial building with a 1.67-acre parcel. Constructed in 1990, the existing improvement is positioned for continued commercial use or potential repositioning, while the larger site supports redevelopment planning subject to municipal approvals.
Central Business District zoning provides the governing land-use framework. The property is located at 330–334 Raritan Avenue in Highland Park, with access to New Brunswick, Rutgers University, Robert Wood Johnson University Hospital, and the region’s major transportation network. The site may accommodate a mixed-use concept with ground-floor retail and residential apartments above, subject to required approvals.
Central Business District zoning provides the governing land-use framework. The property is located at 330–334 Raritan Avenue in Highland Park, with access to New Brunswick, Rutgers University, Robert Wood Johnson University Hospital, and the region’s major transportation network. The site may accommodate a mixed-use concept with ground-floor retail and residential apartments above, subject to required approvals.
Key Highlights
- 1.67‑acre parcel with a 15,328‑square‑foot vacant commercial building
- Central Business District (CBD Zoning)
- Existing building constructed in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,781
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,375,620
$4.4M
Cap Rate 7%
$3,125,443
$3.1M
Cap Rate 9%
$2,430,900
$2.4M
Market Conditions
NOI Build-Up for 15,328 SF
Gross rent
$331.1K $21.60/SF
− Vacancy
−$18.5K −$1.21/SF
EGI
$312.5K $20.39/SF
− OpEx
−$93.8K −$6.12/SF
NOI
$218.8K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,375,620
Cap Rate 7%
$3,125,443
Cap Rate 9%
$2,430,900
Alternative Uses
Best Use
Retail
$3.13M
$2.73M – $3.65M
NOI $218,781 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,171 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 40%
Dining 12%
Superfresh
Groceries
15,207 visits/mo
0.1 miles
Lukoil
Shops & Services
7,194 visits/mo
0.3 miles
Bank of America
Shops & Services
5,463 visits/mo
0.3 miles
Papa John's Pizza
Dining
2,482 visits/mo
0.5 miles
Pad Thai
Dining
1,395 visits/mo
0.2 miles
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
$463,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Commercial land in Middlesex County, NJ
Properties on Market for Commercial land in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial property with Central Business District zoning and redevelopment potential subject to municipal approvals.
Where is this commercial land located?
The property is located at 330 Raritan Ave Highland Park, NJ.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 1.67‑acre parcel with a 15,328‑square‑foot vacant commercial building; Central Business District (CBD Zoning); Existing building constructed in 1990
