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    OFF-MARKET
    Retail properties & Spaces

    0 214-224, South Plainfield, NJ 07080

    Built 1975
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a rare chance to acquire a 2.9-acre commercial property in South Plainfield, New Jersey, encompassing two distinct buildings. The property features a well-established, approximately 10,000 square foot diner/restaurant complete with two private party halls. This established business is included in the sale. Additionally, a leased farmer's market operates on the site, providing a consistent income stream. Built in 1975, the single-story property boasts ample parking for over 200 vehicles, catering to the needs of both businesses. The expansive lot size offers significant potential for future development and expansion, making this a truly unique and lucrative investment prospect. Located at 214-224 in Middlesex County, NJ, zip code 07080, this property presents a compelling combination of existing income and substantial growth potential. The asking price is $3,800,000. This is a truly rare find in a desirable location, presenting an absolutely great investment opportunity.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1975
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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