**Prime Multi-Use Commercial & Investment Opportunity!** Unlock the potential of this versatile **multi-use/commercial property** offering a unique combination of income-producing space and future expansion opportunities. The property features **two existing units**, making it an excellent opportunity for an investor, owner-user, or entrepreneur looking to maximize the use of the building. The **upper level** offers a spacious **3-bedroom, 1-bath residential unit**, currently occupied by tenants with an existing **24-month lease**, providing immediate rental income and stability. The **lower level** is currently configured as professional **office space and is occupied by a dental office**, creating an additional income-producing component and adding flexibility for a variety of professional uses. Looking to expand? The **potential third-floor unit** offers an exciting opportunity to finish additional living or working space, subject to applicable zoning, permits, and approvals. An **unfinished basement** provides valuable additional space that can be utilized for storage, inventory, equipment, or other business needs. With multiple income streams, existing tenants, commercial functionality, and significant potential for future expansion, this property offers **flexibility, income, and opportunity in one package**. Whether you're an investor seeking cash flow or an owner-user looking for a property with room to grow, this is an opportunity worth exploring!
Property Details
- Cooling
- Zoned
- Heating
- Zoned, Forced Air
- Cooling Features
- Zoned
- Bathrooms
- 2.0
- Full Baths
- 2
- Lot Features
- Near Public Transit, Near Shopping, Business District, Commercial Area
- Stories
- 2
- Lot Description
- Near Public Transit, Near Shopping, Business District, Commercial Area
- Acres
- 0.0
- Square Feet
- 2420
- Lot Size (sqft)
- 0.1561
- Parking Features
- Parking Lot, Driveway, On Site, On Street, Open
- Parking Spaces
- 7
- Parking Type
- Driveway
- Property Type
- Purchase
- Year Built
- 1700
- Roof
- Asphalt
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Natural Gas Connected
- Appliances
- Refrigerator
- Gas
- Natural Gas
- County
- Middlesex
- Region
- Highland Park
- Zoning
- CBD
- Taxes Annual
- $17,106
- MLS #
- 2703461R
- Property Subtype
- Commercial
- Parcel Number
- 0701604000000041
- MLS #
- 2703461R
- Date Listed
- August 27, 2026
- Address
- 321 Raritan Avenue
Location
Legal
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Provided By
Listed by REGINA RODRIGUEZ (#REGIRODR)
Listing Office: HALO REALTY (#HALO02)
