Three-Level Assisted Living
For Sale
$1,400,000
600 Central Avenue 04 Plainfield, Plainfield, NJ 07060
Configured with 12 beds, shared living areas, and comprehensive safety systems throughout the building.
Property Size4,588 SF
Price / SF$305.14
Days on Market108
Property Features for 600 Central Avenue 04 Plainfield
General Information
Standard status
Active
Size
4,588 SF
Total Parking Spaces
12
Zoning
R-4
Additional Details
Business Included
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$15,281
Amenities
comprehensive alarm system
interior and exterior video surveillance
fire extinguishers
smoke and carbon monoxide detectors
Laminate
true
3
Level
Public
12
159.00 x 0.00
On Site,Hard Surface
4588
Building Details
Building Size
4,588 SF
Year Built
1900
Stories
3
Abandoned
No
Listed By:
Steven Bonavita · License #1429895
(732) 991-3166
Source:
Sbonavita.remax
Added: Jul 1
Changed: Oct 5
Last Checked: Oct 7 at 8:40AM
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 Steven Bonavita
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-level assisted living facility contains 4,588 SF and is arranged for residential health care use. The first floor includes 2 beds, 2 baths, a kitchen, living room, and dining room. The second level provides 6 beds and 2 baths, while the third floor adds 4 beds and 1 bath. The property is being sold as-is.
Safety and emergency features extend throughout the building, including the basement, with an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors. A roof installed 2 years ago and a 1-year-old boiler are also in place.
The property is located at 600 Central Avenue 04 in Plainfield, New Jersey, near Route 22 with access to Routes 287, 78, and 22. Local shops, dining, and everyday conveniences are nearby. Zoning is R-4.
Safety and emergency features extend throughout the building, including the basement, with an alarm system, interior and exterior video surveillance, sprinklers, fire extinguishers, and smoke and carbon monoxide detectors. A roof installed 2 years ago and a 1-year-old boiler are also in place.
The property is located at 600 Central Avenue 04 in Plainfield, New Jersey, near Route 22 with access to Routes 287, 78, and 22. Local shops, dining, and everyday conveniences are nearby. Zoning is R-4.
Key Highlights
- 4,588 SF assisted living facility arranged across three levels
- 12 beds, with 2 beds on the first floor, 6 on the second, and 4 on the third
- First‑floor kitchen, living room, dining room, 2 baths, and 2 beds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,988
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,760
$1.1M
Cap Rate 7%
$814,114
$814.1K
Cap Rate 9%
$633,200
$633.2K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$110.1K $24.00/SF
− Vacancy
−$6.5K −$1.42/SF
EGI
$103.6K $22.58/SF
− OpEx
−$46.6K −$10.16/SF
NOI
$57.0K $12.42/SF
Area
Somerset County, NJ
Vacancy
5.90%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,760
Cap Rate 7%
$814,114
Cap Rate 9%
$633,200
Alternative Uses
Best Use
Apartment 5plus
$814.1K
$712.4K – $949.8K
NOI $56,988 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,861 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07060, NJ
48,423
Population
16,154
Households
3
Avg Household Size
35
Median Age
22%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
9,685
Density / Sq Mi
$72,882
Median Household Income
$32,867
Median Earnings
$1,629
Median Rent
$369,400
Median Home Value
Similar Off Market Nearby
- Plainfield Tower West — 601 W 7th St, Plainfield, NJ 07060
- Advocate Group Care — 602 Central Ave, Plainfield, NJ 07060
Frequently Asked Questions
What type of property is this?
Assisted living facility - Configured with 12 beds, shared living areas, and comprehensive safety systems throughout the building.
Where is this assisted living facility located?
The property is located at 600 Central Avenue 04 Plainfield Plainfield, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,588 SF assisted living facility arranged across three levels; 12 beds, with 2 beds on the first floor, 6 on the second, and 4 on the third; First‑floor kitchen, living room, dining room, 2 baths, and 2 beds
