12 4th Ave Highland Park, NJ 08904-2736
This exceptional two-story commercial building, located at 12 N 4th Avenue N in Highland Park, New Jersey, presents a unique investment opportunity. Built in 1925, the property boasts approximately 3,301 square feet of space, offering six individual units ideal for an owner-occupant seeking additional rental income. The building features a convenient common waiting area and kitchen on the main floor, enhancing tenant appeal. The property's zoning allows for potential conversion of the second floor into apartments, although it currently lacks a full kitchen and bathroom on that level. Situated in a highly desirable location near Raritan Avenue, this property benefits from proximity to major medical facilities such as RWJ-Barnabas Hospital and St. Peter's Hospital, Rutgers University, and convenient access to train stations and bus stops. The asking price is $499,000. The property includes a basement level in addition to the ground and second floors. Prospective buyers are responsible for conducting their own due diligence. This presents a rare chance to acquire a well-located, versatile commercial property with significant upside potential in a thriving New Jersey community. The property is zoned to allow for multiple uses, making it an attractive option for a variety of business owners and investors. The building's age and character offer a unique aesthetic appeal, while its location provides excellent access to transportation and amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.