201 6Th St, Plainfield, NJ 07060
This exceptional 21,300 square-foot development site, located at 201-211 W 6th Street in Plainfield, New Jersey (Union County, zip code 07060), presents a unique opportunity. Situated at the prominent north corner of Arlington Avenue and West 6th Street, the vacant lot is currently zoned under the TODD Redevelopment Plan. A proposed development plan envisions a mixed-use project comprising 46 independent senior living apartment units (restricted to residents 55 years and older), dedicated medical/retail space designed to function as a daycare for building residents, and a convenient 45-space parking area. The property's size and zoning make it ideal for a high-density development catering to the growing senior population. This location offers excellent visibility and accessibility, making it an attractive investment for developers seeking to capitalize on the demand for senior housing and related services in Plainfield. The site's strategic location and proposed development plan offer significant potential for a profitable and impactful project. 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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.