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    1292 Route 22 North Plainfield, NJ 07060

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Location, Gas Station Potential

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.47-acre property, located at 1292 Route 22 in North Plainfield, New Jersey (zip code 07060), presents a unique investment opportunity. Zoned for retail and restaurant use, this single-tenant site is currently configured as a gas station, operating under a ground lease. The property's strategic location on US-22 ensures high visibility and accessibility, making it ideal for a variety of businesses. The substantial lot size offers ample space for expansion or redevelopment, catering to the needs of a growing enterprise. Situated in Somerset County, this property benefits from a strong local economy and a dense population base. The existing infrastructure provides a solid foundation for immediate occupancy or future development plans. This is a rare opportunity to acquire a prime retail location in a thriving New Jersey market. The property's single-tenant status simplifies management and offers a straightforward investment strategy. With its high traffic count and prominent location, this property is poised for significant returns. Serious inquiries are encouraged to explore the potential of this exceptional commercial real estate offering. The total building square footage is 1 square foot. Further details are available upon request.

    Property Features for 1292 Route 22

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • Excellent highway exposure on US‑22.
    • Strong traffic counts exceeding 46,000 vehicles per day (VPD).
    • Proximity to a high‑volume Costco.
    • Permitted uses include retail, restaurants, banks, professional offices, motels, and new car sales.
    • 319 feet of frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4622712
    Latitude
    40.6105882

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Location, Gas Station Potential
    Where is this restaurant located?
    The property is located at 1292 Route 22 North Plainfield, NJ.
    What are key features of this property?
    This property features: Excellent highway exposure on US-22.; Strong traffic counts exceeding 46,000 vehicles per day (VPD).; Proximity to a high-volume Costco.
    Request Owner's contact information
    1292 Route 22 North Plainfield, NJ 07060
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    North Plainfield, NJ 07060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1292 Route 22 North Plainfield, NJ 07060
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