Industrial Warehouse with Clear
For Sale
Contact for pricing
219 Saint Nicholas Avenue, South Plainfield, NJ 07080
Vacant warehouse with M3 industrial zoning and flexible configuration potential.
Property Size28,000 SF
Lot Size2.20 Acres
Price / SF$428.57
Days on Market53
Property Features for 219 Saint Nicholas Avenue
General Information
Standard status
Active
Size
28,000 SF
Lot size
2.20 Acres
Property subtype
Industrial
Zoning
M3
Warehouse & Industrial
Clear Height
24 ft
Cold Storage
No
Building Details
Building Size
28,000 SF
Listing Agency:
JSG Realty
Listed By:
Joshua Garay · License #NY 31GA1178912
Source:
Crexi
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 4 at 10:37AM
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 JSG Realty
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Investment Insights
Based on property information with market context.
The vacant warehouse contains 28,000 SF with 24-foot clear ceiling heights and an adaptable industrial layout. The property can be configured for cold storage, refrigeration, freezer operations, dry warehousing, truck repair, logistics, distribution, or truck-terminal use, subject to applicable requirements.
The site encompasses 2.2 acres off Route 287 and is approximately 20 minutes from the Port of Newark. M3 zoning supports the property’s industrial positioning, while the existing building and site provide a basis for multiple warehouse and distribution configurations.
The property is offered for sale and may suit an end user or investor seeking an industrial facility with vacant occupancy and the ability to accommodate specialized storage or transportation-related operations.
The site encompasses 2.2 acres off Route 287 and is approximately 20 minutes from the Port of Newark. M3 zoning supports the property’s industrial positioning, while the existing building and site provide a basis for multiple warehouse and distribution configurations.
The property is offered for sale and may suit an end user or investor seeking an industrial facility with vacant occupancy and the ability to accommodate specialized storage or transportation-related operations.
Key Highlights
- 28,000 SF warehouse building
- 24‑foot clear ceiling heights
- 2.2‑acre industrial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$381,624
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,632,480
$7.6M
Cap Rate 7%
$5,451,771
$5.5M
Cap Rate 9%
$4,240,267
$4.2M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$477.1K $17.04/SF
− Vacancy
−$28.2K −$1.01/SF
EGI
$449.0K $16.03/SF
− OpEx
−$67.3K −$2.41/SF
NOI
$381.6K $13.63/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,632,480
Cap Rate 7%
$5,451,771
Cap Rate 9%
$4,240,267
Alternative Uses
Best Use
Warehouse
$5.45M
$4.77M – $6.36M
NOI $381,624 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$4.49M
$3.93M – $5.24M
NOI $314,279 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$7.31M
$6.40M – $8.53M
NOI $511,795 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 07080, NJ
24,261
Population
8,433
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
8.2 sq mi
ZIP Area
2,959
Density / Sq Mi
$126,161
Median Household Income
$61,777
Median Earnings
$1,928
Median Rent
$444,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
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- ABA Storage & Loading Dock Systems — 112 Sylvania Pl, South Plainfield, NJ 07080
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant warehouse with M3 industrial zoning and flexible configuration potential.
Where is this warehouse located?
The property is located at 219 Saint Nicholas Avenue South Plainfield, NJ.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 28,000 SF warehouse building; 24‑foot clear ceiling heights; 2.2‑acre industrial property
