Industrial Property on 9
3500 S Clinton Ave South Plainfield, NJ 07080
3500 S Clinton Ave, South Plainfield, NJ, 07080
$12,500,000
For Sale
$12,500,000
33,628 SF industrial property on 9.01 acres for sale.
Property Size33,628 SF
Lot Size9.01 Acres
Price / SF$371.71
Days on Market111
Property Features for 3500 S Clinton Ave
General Information
- Standard status
- Active
- Size
- 33,628 SF
- Lot size
- 9.01 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1964
Listing agency
New Jersey Office
(201) 742-6167
Listed by
Scott Geller · License #License(s): NJ: 1649748
(201) 742-6167
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:04AM
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 New Jersey Office
Investment Insights
Based on property information with market context.
This 33,628 square foot industrial property is situated on 9.01 acres of land. The facility includes a small freezer, cooler, lab, and office components, in addition to warehouse space. The property features 22' clear heights throughout and minimal column obstructions. There are three exterior tailgate loading docks and ample outdoor storage space. The property is located less than a mile from Interstate 287, providing easy access to Interstate 95, Newark Liberty International Airport, and Port Newark. This offering presents a unique opportunity to redevelop the +/-9 acres into new Class A Industrial or a low coverage IOS site.
Key Highlights
- Prime redevelopment opportunity: +\/-9 acres for Class A Industrial or low coverage IOS site.
- Strategic location: Less than a mile from Interstate 287, with easy access to Interstate 95, Newark Liberty International Airport, and Port Newark.
- Significant warehouse space: 33,628 square feet facility.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $573.0k | $17.04 |
| − Vacancy | −$33.8k | −$1.01 |
| EGI | $539.2k | $16.03 |
| − OpEx | −$80.9k | −$2.41 |
| NOI | $458.3k | $13.63 |
33,628 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.55M
$5.73M – $7.64M
NOI $458,331 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.78M
$7.68M – $10.24M
NOI $614,666 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Resolute Millwork
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- ABA Storage & Loading Dock Systems — 112 Sylvania Pl, South Plainfield, NJ 07080
- A2 Global Shipping — 3950 New Brunswick Ave Ste A-200, Piscataway, NJ 08854
- Easi Self Storage Unit — 3060 new brunswick ave, piscataway, nj 08854
- Life Storage — 500 Stelton Rd, Piscataway, NJ 08854
- Extra Space Storage — 3950 New Brunswick Ave, Piscataway, NJ 08854
FAQs
What type of property is this?
Warehouse - 33,628 SF industrial property on 9.01 acres for sale.
Where is this warehouse located?
The property is located at 3500 S Clinton Ave South Plainfield, NJ.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Prime redevelopment opportunity: +\/-9 acres for Class A Industrial or low coverage IOS site.; Strategic location: Less than a mile from Interstate 287, with easy access to Interstate 95, Newark Liberty International Airport, and Port Newark.; Significant warehouse space: 33,628 square feet facility.
