47 Raritan AveHighland Park, NJ 08904
- Office properties
- 8,488 SF
Property Details for 47 Raritan Ave
- Year built
- 1999
- Construction
- FRAME
- Lot size
- 0.39 AC
- Property size (Sq ft)
- 8,488 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 07 01704-0000-00054
- APU
- 701704000000054
Description
This exceptional commercial property, located at 47 Raritan Avenue, presents a unique opportunity for a single tenant seeking a highly efficient and conveniently located executive office space. The property is classified as both retail and office, offering versatility for a variety of business needs. The total square footage of the building is one square foot, making it ideal for a small, focused operation or a satellite office. The space is currently vacant and ready for immediate occupancy. Given its single-tenant configuration, the property offers complete privacy and control over the environment. The address, 47 Raritan Avenue, provides excellent visibility and accessibility, contributing to a strong business presence. This listing represents a rare chance to secure a highly desirable, compact, and strategically positioned executive office space in a prime location. The property's classification as both retail and office suggests potential flexibility in its usage, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding permitted uses. The compact size of the property makes it an economical choice for businesses with minimal space requirements. The "For Lease" status indicates immediate availability. Further details regarding lease terms and conditions are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,403,320
- 6.5%
- $1,295,372
- 7%
- $1,202,846
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,109,042
- Geo Method
- $1,109,042
-
Alternative Use
- Use
- Valuation
- Residential
- $1,606,262
- Hospitality
- $1,471,327
- Educational
- $1,224,127
- Medical
- $1,266,226
- Retail
- $1,904,197
Location Insight
- City
- Highland Park
- County
- Middlesex
- State
- New Jersey
- Latitude
- 40.4983
- Longitude
- -74.4346
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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