Property profile

0 214-224 South Plainfield, NJ 07080

OFF-MARKET
Retail properties & Spaces
Built 1975
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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

Location

214-224 South Plainfield, NJ 07080
South Plainfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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