189 Front St South Plainfield, NJ 07080
- Mixed-use properties
- 3,000 SF
- 0.07 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 189 Front St
- Lot size
- 0.07 lot acres
- Property size
- 3,000 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Plainfield
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.411
- Latitude
- 40.5795
