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    189 Front St, South Plainfield, NJ 07080

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    This exceptional mixed-use property, located at 189 Front Street in South Plainfield, New Jersey, presents a unique investment opportunity. The building, a two-story stand-alone structure, boasts a prominent corner location with convenient off-street parking. The ground floor comprises approximately 1500 square feet of versatile space, currently configured as retail space, but easily adaptable to office or showroom use. This area includes a half-bath and basement storage, and is currently leased for $2000 per month. The upper level features a spacious, approximately 1500 square foot apartment, offering three bedrooms, one bathroom, a living room, eat-in kitchen, and a formal dining room. This apartment is currently rented on a month-to-month basis for $2250.00, with a tenant in place for over five years. The property sits on a 0.071-acre lot. The asking price for this income-generating property is $595,000. This presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a desirable New Jersey location. The building's flexible layout and strong rental history make it an ideal investment for both seasoned and new investors. The property's location on a busy corner ensures high visibility and accessibility.

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    Property type Specialty properties
    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
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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