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    OFF-MARKET
    Mixed-use properties

    189 Front St, South Plainfield, NJ 07080

    3,000 SF 0.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Mixed-use properties
    Total area 3,000 SF
    Lot 0.07 ac (3,093 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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