515 Central Ave, Plainfield, NJ 07060
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.