Investment Overview

Marcus & Millichap is pleased to present 1315 Harding Highway, a mixed-use property located in Richland, New Jersey. The property consists of a one-bedroom apartment, a two-bedroom apartment, four garages ranging from four hundred to seven hundred square feet, and twelve small bay office suites ranging in size from one hundred and ten square feet up to four thousand square feet. The property has fifty surface parking spots. The subject property is currently undergoing renovation on the second floor, meaning that suite C3 and C2 have the opportunity to be combined into a bigger suite, divided into more small suites, as both are currently vacant. There are many possible avenues to be taken with the property given its current occupancy. Most of the existing office tenants are on one-year leases, which gives a buyer the opportunity to cashflow the property for a while before continuing renovations on the rest of the building as those units turn. The main office tenant, Happle Printing, uses about thirty-five percent of the building, and has no intention of leaving. The subject property's location on Harding Highway, also known as State Route 40, provides excellent opportunity for tenants whose business' revolve around shipping goods. The property also sits nicely between multiple more densely populated locations such as Hammonton, Vineland, Egg Harbor Township, and Millville, making it a viable living, working, and storage option for anyone living in these locations, not to mention Richland itself.