Property summary
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
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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