Technical
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Property profile

1340 Front St Plainfield, NJ 07063

OFF-MARKET
Warehouses
20,000 SF 1.1 ac lot
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Property summary

AI-generated overview

This exceptional 20,000-square-foot industrial building is available for lease in Plainfield, New Jersey. Situated on 1.1 acres of land at 1340 W Front St, 07063, this single-tenant property offers ample space for manufacturing and/or warehousing operations. The building is a one-story structure with a floor area ratio (FAR) of 20,000. The entire 20,000 square feet is currently vacant and ready for immediate occupancy. Its strategic location within Plainfield's Urban Enterprise Zone (UEZ) presents significant financial advantages. Qualified businesses operating within the UEZ are eligible for substantial tax benefits, including a 50% reduction on certain retail sales and a 100% reduction on purchases made by the business itself. Furthermore, the UEZ offers workforce training assistance, streamlining the process of building a skilled workforce. Plainfield also boasts an active economic development program, fostering a supportive environment for businesses. The property's proximity to a readily available labor pool, both skilled and unskilled, further enhances its appeal. The previous occupant was an architectural woodworking business. This presents a unique opportunity for a similar business or a company seeking a well-located, spacious industrial facility with significant cost-saving incentives.

Property profile

Verified
Property type Warehouses
Total area 20,000 SF
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

1340 Front St Plainfield, NJ 07063
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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