Mixed-Use Property with Income
For Sale
$1,200,000
Pending
1508 Front St, Scotch Plains, NJ 07076
Mixed-use property with office, garage, and rental income.
Property Size3,800 SF
Lot Size0.47 Acres
Days on Market165
Property Features for 1508 Front St
General Information
Standard status
Pending
Size
3,800 SF
Lot size
0.47 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,629
Building Details
Building Size
3,800 SF
Year Built
1960
Stories
1
Units
1
Listing Agency:
ERA SUBURB REALTY
(908) 322-4434
Listed By:
PAUL LAMASTRA
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 21 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA SUBURB REALTY
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 07076, NJ
24,871
Population
9,037
Households
2.8
Avg Household Size
41
Median Age
65%
College-Educated
97%
High-School Grad
9.0 sq mi
ZIP Area
2,763
Density / Sq Mi
$173,564
Median Household Income
$86,300
Median Earnings
$1,816
Median Rent
$696,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
