2101 Park Ave South Plainfield, NJ 07080-5401

Property Details for 2101 Park Ave

Year built

1915

Lot size

0.11 lot acres

Property size

2,441 SF

Zone code

OBC1

Property type

Commercial real estate

APN

22 00065-0000-00016

APU

2200065000000016

Description

This exceptional mixed-use property, located at 2101-2105 Park Avenue in South Plainfield, New Jersey (zip code 07080), presents a compelling investment opportunity. Priced at $999,000, this stabilized asset boasts a strong 7.76% capitalization rate and a net operating income (NOI) of $77,511. The property consists of two separate buildings, each with its own basement, offering a combined total of four units. The current occupancy rate is 100%, providing immediate and consistent cash flow. The versatile space includes a mix of office, retail, and residential components, catering to a diverse range of tenants. Its highly visible location on Park Avenue ensures excellent exposure and accessibility. Further enhancing its appeal is the inclusion of private parking located at the rear of the buildings. This well-maintained property offers a rare opportunity to acquire a profitable, fully occupied investment in a desirable New Jersey location. The property is classified as a storefront and is situated in Middlesex County. Don't miss this chance to secure a high-performing asset with significant potential for future growth.