325 Raritan AveHighland Park, NJ 08904

For Sale
$1,200,000

Prime NJ location, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial land parcel, located at 325 Raritan Avenue in Highland Park, New Jersey (zip code 08904), presents a unique investment opportunity. The 0.193-acre site currently features three existing structures: two 3-bedroom apartments and a potential efficiency unit. A vacant 1200 square foot retail space is also available, offering significant potential for additional income generation. Each apartment has separate electric, heat, and gas meters, ensuring independent utility management. The property is up to code and has recently completed the required 5-year state inspection. Rental income projections include $560 for the efficiency unit, $3400 for one apartment, and $2500 for the other, with the potential for substantial additional revenue from the retail space. Apartment access varies

Highlights

  • 0.193-acre commercial land parcel at 325 Raritan Avenue, Highland Park, NJ 08904.
  • Three existing structures: two 3-bedroom apartments and a potential efficiency unit.
  • 1200 sq ft vacant retail space available.
  • Separate utilities (electric, heat, gas) for each apartment.
  • Property is up to code and recently passed its 5-year state inspection.

Property Details for 325 Raritan Ave

Property type
Other land, Land
Stories
2

Location Insight

City
Highland Park
County
Middlesex
State
New Jersey
Latitude
40.4997065
Longitude
-74.4268463
325 Raritan Ave, Highland Park, New Jersey

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325 Raritan Ave
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