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    214-224 South Plainfield, NJ 07080

    For Sale
    $3,800,000

    Prime NJ Retail & Restaurant Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a rare chance to acquire a 2.9-acre commercial property in South Plainfield, New Jersey, encompassing two distinct buildings. The property features a well-established, approximately 10,000 square foot diner/restaurant complete with two private party halls. This established business is included in the sale. Additionally, a leased farmer's market operates on the site, providing a consistent income stream. Built in 1975, the single-story property boasts ample parking for over 200 vehicles, catering to the needs of both businesses. The expansive lot size offers significant potential for future development and expansion, making this a truly unique and lucrative investment prospect. Located at 214-224 in Middlesex County, NJ, zip code 07080, this property presents a compelling combination of existing income and substantial growth potential. The asking price is $3,800,000. This is a truly rare find in a desirable location, presenting an absolutely great investment opportunity.

    Property Features for 0 214-224

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1975
    Stories
    1

    HighLights

    • $3,800,000 asking price.
    • 2.9‑acre commercial land parcel in South Plainfield, NJ.
    • Property includes a 10,000 sq ft diner/restaurant with two private party halls.
    • Includes a leased farmer's market.
    • Over 200 parking spaces.
    • 1975 construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Plainfield
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4173877
    Latitude
    40.56829

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    FAQs

    What type of property is this?
    Retail property - Prime NJ Retail & Restaurant Opportunity
    Where is this retail property located?
    The property is located at 214-224 South Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: $3,800,000 asking price.; 2.9-acre commercial land parcel in South Plainfield, NJ.; Property includes a 10,000 sq ft diner/restaurant with two private party halls.
    Request Owner's contact information
    214-224 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
    214-224 South Plainfield, NJ 07080
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