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1597-164 Park Ave South Plainfield, NJ 07080

Sponsored
For Sale
$3,980,000

8-Storefront Strip Mall, High-Growth Potential

Description

Added:
Dec 11, 2024
Days on Market:
404
This exceptional commercial land opportunity in South Plainfield, New Jersey, presents a rare chance to acquire an established 8-storefront strip mall at 1597-164 Park Avenue, 07080. The property, situated on a busy corner lot, offers significant potential for income growth. The approximately 26-year-old building is exceptionally well-maintained and in excellent condition. All eight storefronts are currently occupied by long-term tenants (10-15 years) operating profitable businesses. This translates to a stable and consistent income stream, with further upside potential through future rental increases. The land parcel encompasses 1.016 acres, providing ample space for the existing structure and potential future development. The property is located in Middlesex County, offering easy access to major transportation routes and a thriving local economy. This is an ideal investment for those seeking a stable, high-performing asset with significant long-term growth prospects. The asking price is $3,980,000. The property is classified as commercial land with a single story. There are no residential units on the property.

Property Features for 1597-164 Park Ave

General Information

Property type
Land

Building Details

Stories
1

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Listing Contact
EVA MOK

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Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
-74.4011261
Latitude
40.598722

FAQs

What type of property is this?
Land - 8-Storefront Strip Mall, High-Growth Potential
Where is this land located?
The property is located at 1597-164 Park Ave South Plainfield, NJ.
What is the asking price?
The asking price for this property is $3,980,000.
More about this property
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