Property summary
This exceptional 6,500 square foot lot, located at 515 Central Avenue in Plainfield, New Jersey (zip code 07060), presents a unique investment opportunity. Situated on a major roadway, this property boasts a versatile size (approximately 60 feet by 105 feet) and flexible zoning that allows for a variety of development projects. The zoning permits mixed-use, commercial, or residential construction, offering significant flexibility to prospective buyers. This prime location provides excellent visibility and accessibility. Furthermore, the property's potential is enhanced by the presence of an adjacent city-owned lot, presenting an opportunity for expansion and increased development potential. The asking price for this land is $850,000. This is an ideal site for developers seeking a strategic location in Union County, New Jersey, to create a thriving commercial or residential development, or a combination of both. The property is classified as both commercial and residential land. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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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