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Property profile & analytics
FOR SALE
Commercial real estate

223 Raritan Ave Highland Park, NJ 08904

0.11 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-3109993
Property summary
AI-generated overview

This exceptional commercial property at 223 Raritan Avenue in Highland Park, New Jersey, presents a unique investment opportunity. Situated in the heart of the Central Business District (CBD), zoned for commercial use, this free-standing building offers 1,268 square feet of retail space across two stories. The ground floor boasts a flexible layout, ideal for a restaurant or similar business, with four distinct areas measuring approximately 20x28 feet, 16x15 feet, 14x18 feet, and 18x12 feet, including back storage. Existing restaurant equipment is in place. The property sits on a 0.11-acre lot and includes two parking spaces. The building features a single tenant occupancy and is offered on a triple net lease, meaning the tenant is responsible for property taxes, insurance, maintenance, and utilities. The property's address is 223 Raritan Avenue, Highland Park, NJ 08904, and its APN is 0700162000000030. This prime location on Raritan Avenue (Route 27) offers excellent visibility and accessibility. This is an exceptional opportunity to acquire a well-situated commercial property in a thriving business district.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Lot 0.11 ac (4,800 SF)
APN 07 01603-0000-00030
UPID US59-3109993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Crusader Servicing Corporation · 4 yrs held
Crusader Servicing Corporation
since 2021
Last sale
$2,338
5 recorded transactions
2021
$2,338
2021
$549,000
2004
$400,000
1997
$285,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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