1508 Front St Scotch Plains, NJ 07076

Building Details

Year Built

1960

Listing Agency ERA Suburb Realty Agency P***@gmail.com Show Phone

Listed by PAUL LAMASTRA

Source Elliman

Added: Mar 10 Checked: Jul 17 at 3:26 am

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Investment Insights

Based on property information with market context.

This mixed-use property, previously a construction and overhead garage company, includes a lot approximately 70' x 140' behind the main building. A second building facing 111 Terrill Road is currently leased to Rita's Ice and Subway, generating rental income. The Front Street building features approximately 1,200 sq. ft. of office space and a 600 sq. ft. garage. The property is zoned B-2 and is located in an X Flood Zone, eliminating the need for flood insurance. The back lot offers potential rental income. The property has a potential cap rate of 10%.

Key Highlights

• Existing tenants Rita's Ice and Subway provide steady rental income.
• Potential 10% cap rate.
• B‑2 zoning offers versatile business opportunities.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with office, garage, and rental income.

Where is this mixed-use property located?

The property is located at 1508 Front St Scotch Plains, NJ.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Existing tenants Rita's Ice and Subway provide steady rental income.; Potential 10% cap rate.; B‑2 zoning offers versatile business opportunities.