Vacant Rite Aid

• Prime Redevelopment Opportunity – The offering consists of a 15,328-square-foot vacant commercial building situated on a 1.67-acre Central Business District-zoned site, providing exceptional flexibility for investors, developers, and owner-users seeking a repositioning or redevelopment opportunity.
• Mixed-Use Development Potential – Central Business District zoning allows for ground-floor retail with residential apartments above (subject to municipal approvals), creating the opportunity to develop a modern mixed-use destination in the heart of Highland Park’s revitalizing downtown.
• High-Visibility Commercial Corridor – The property features prominent frontage along Raritan Avenue, benefiting from approximately 18,000 vehicles per day while offering convenient access to Route 27, Route 18, the New Jersey Turnpike, and the Garden State Parkway. The site is also located just minutes from Rutgers University and Downtown New Brunswick, placing it within one of Central New Jersey’s most active commercial and employment hubs.
• Affluent and Dense Trade Area – The property is surrounded by exceptional demographics, including an average household income of $152,567 and a population of 301,937 within a five-mile radius. More than 1,001,588 residents live within a ten-mile radius, providing a substantial consumer base and long-term demand for both residential and retail uses.
• Strong Long-Term Growth Fundamentals – Positioned within a walkable, transit-oriented community, the property is well situated to capitalize on continued demand for new housing, neighborhood-serving retail, and mixed-use development. The surrounding area is supported by affluent residential neighborhoods, major healthcare and educational institutions, and one of the most densely populated markets in New Jersey.