223 Raritan Ave Highland Park, NJ 08904
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.
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
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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.