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    305 Spicer Ave South Plainfield, NJ 07080

    Sponsored
    For Sale
    $1,200,000

    Prime South Plainfield Warehouse, $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 10,000 square foot (100' x 100') warehouse located at 305 Spicer Avenue in South Plainfield, New Jersey, 07080. The property sits on a 0.23-acre lot and features a two-family house. Built in 1904, this two-story structure offers significant potential for redevelopment or repurposing. The property is zoned M3 and conveniently situated on a truck route, providing excellent accessibility for logistics and distribution businesses. The asking price is $1,200,000. The buyer is responsible for conducting all due diligence with the municipality of South Plainfield. No representations or guarantees are made by the seller. This property is offered as-is. Detailed information regarding the property's condition and potential uses is available upon request. This is a unique opportunity to acquire a substantial industrial property in a desirable location with significant upside potential. Serious inquiries only.

    Property Features for 305 Spicer Ave

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1904
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    South Plainfield
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4110148
    Latitude
    40.5737758

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    FAQs

    What type of property is this?
    Distribution property - Prime South Plainfield Warehouse, $1.2M
    Where is this distribution property located?
    The property is located at 305 Spicer Ave South Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    305 Spicer Ave South Plainfield, NJ 07080
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    South Plainfield, NJ 07080
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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
    305 Spicer Ave South Plainfield, NJ 07080
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