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Investment Highlights

  • 15,328 SF vacant building on 1.67-acre CBD-zoned site with redevelopment potential
  • ±18,000 vehicles per day along Raritan Avenue with access to major highways
  • Population of 301,937 within five miles; 1,001,588+ residents within ten miles
  • Mixed-use development potential: ground-floor retail with residential apartments above
  • Average household income of $152,567 within a five-mile radius
  • Minutes from Rutgers University, Downtown New Brunswick, and major employment hubs

Executive Summary

Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,328 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$4,800,000
Price Per SF
$313.15
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.67 AC
Zoning
CBD
Parking
92 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
117’ on Raritan Ave

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 15,328 SF
  • Retail
  • -
  • Now

Former Rite Aide Available For Lease and Sale. 92 dedicated parking spaces on 1.67 acres. Located a signalized intersection on the Corner of Raritan road (Rt.27) and S. 4th. Close Proximity to Downtown New Brunswick. Excellent foot traffic. Nearly 18k VPD. Large Facade signage on 3 sides along with front and rear access.

Space Size Space Use Position Available
1st Floor 15,328 SF Retail - Now

1st Floor

Size
15,328 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 15,328 SF
Space Use Retail
Position -
Available Now

Former Rite Aide Available For Lease and Sale. 92 dedicated parking spaces on 1.67 acres. Located a signalized intersection on the Corner of Raritan road (Rt.27) and S. 4th. Close Proximity to Downtown New Brunswick. Excellent foot traffic. Nearly 18k VPD. Large Facade signage on 3 sides along with front and rear access.

Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100

Nearby Major Retailers

Key Food
Stop & Shop
Bank of America
Freshii
Starbucks
Chase Bank
OceanFirst Bank
Td Bank
Amboy Bank
Wells Fargo Home Mortgage

Property Taxes

Property Taxes

Parcel Number
07-03001-0000-00017
Land Assessment
$1,962,300
Improvements Assessment
$2,305,900
Total Assessment
$4,268,200
  • Listing ID: 41565468

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 330-332 Raritan Ave, Highland Park, NJ 08904

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