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    189 Front St South Plainfield, NJ 07080

    Sponsored
    For Sale
    $595,000

    Historic Downtown, High-Yield Investment

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 189 Front Street in South Plainfield, New Jersey's burgeoning Historic Downtown District, presents a compelling investment opportunity. The building, encompassing 3,000 square feet across two stories, sits on a 0.071-acre lot and is zoned HDD. It features a well-established tenancy with two units: a ground-floor commercial space and a second-floor residential apartment. The ground floor, approximately 1,500 square feet, is currently leased as retail space/office, including a half-bath and basement storage, generating $2,000 in monthly rent. The second-floor apartment, also approximately 1,500 square feet, offers three bedrooms, one bathroom, a living room, eat-in kitchen, and formal dining room. This unit commands a monthly rent of $2,250, with the current tenant having occupied the space for over five years on a month-to-month lease. The property boasts convenient off-street parking, a significant advantage in this vibrant downtown area. Offered at $595,000, this represents a strong price-per-square-foot of $198.33, making it an attractive addition to any investment portfolio. The building's location on a busy corner ensures high visibility and accessibility, further enhancing its investment potential. This is a rare opportunity to acquire a well-maintained, income-producing property in a rapidly developing area.

    Property Features for 189 Front St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,000 SF
    Lot Size
    3,093 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Exceptional mixed‑use property in South Plainfield, NJ's Historic Downtown District.
    • 3,000 sq ft building on a 0.071‑acre lot, zoned HDD.
    • Two units: 1,500 sq ft ground‑floor retail/office (generating $2,000/month rent) and a 1,500 sq ft, 3‑bedroom residential apartment ($2,250/month rent).
    • Convenient off‑street parking.
    • Offered at $595,000 ($198.33/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -74.410993
    Latitude
    40.5794902

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    FAQs

    What type of property is this?
    Multifamily property - Historic Downtown, High-Yield Investment
    Where is this multifamily 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: Exceptional mixed-use property in South Plainfield, NJ's Historic Downtown District.; 3,000 sq ft building on a 0.071-acre lot, zoned HDD.; Two units: 1,500 sq ft ground-floor retail/office (generating $2,000/month rent) and a 1,500 sq ft, 3-bedroom residential apartment ($2,250/month rent).
    Request Owner's contact information
    189 Front St 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
    189 Front St South Plainfield, NJ 07080
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