Mixed-Use Building in Downtown
189 Front St South Plainfield, NJ 07080
189 Front St, South Plainfield, NJ, 07080
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For Sale
Contact for pricing
Pending
Mixed-use building with retail and apartment in historic downtown.
Property Size3,000 SF
Days on Market776
Property Features for 189 Front St
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Listing Agency
Jack Pedersen Realty
(908) 755-8300
Listed by
John (JACK) Pedersen
Source
Crexi
Added: Jun 3, 2024 Checked: Jul 17 at 3:08 am
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 Jack Pedersen Realty
Investment Insights
Based on property information with market context.
This mixed-use, stand-alone building is situated on a busy corner in the up-and-coming Historic Downtown District of South Plainfield. The property includes off-street parking. The first floor features approximately 1500 square feet of retail space, suitable for a storefront, office, or display room, and includes a half bath and basement storage. This space is currently rented for $2000.00. The second floor contains an approximately 1500-square-foot apartment with three bedrooms, one bathroom, a living room, an eat-in kitchen, and a formal dining room. The current apartment tenant has been in place for over five years on a month-to-month lease at $2250.00. The total property size is 3000 square feet.
Key Highlights
- Busy corner location in South Plainfield's up‑and‑coming Historic Downtown District.
- Mixed‑use building with both retail and residential income potential.
- Off‑street parking available.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $21.60 |
| − Vacancy | −$3.6k | −$1.21 |
| EGI | $61.2k | $20.39 |
| − OpEx | −$18.4k | −$6.12 |
| NOI | $42.8k | $14.27 |
3,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 7.20%
Second Best
Mixed Use
$370.8K
$324.5K – $432.6K
NOI $25,958 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail and apartment in historic downtown.
Where is this mixed-use property located?
The property is located at 189 Front St South Plainfield, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Busy corner location in South Plainfield's up‑and‑coming Historic Downtown District.; Mixed‑use building with both retail and residential income potential.; Off‑street parking available.
