2518 Plainfield Ave Scotch Plains, NJ 07076
- Distribution centers
- 750 SF
- 0.16 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 2518 Plainfield Ave
- Year built
- 1940
- Lot size
- 0.16 lot acres
- Property size
- 750 SF
- Property type
- Distribution centers
Description
This unique 750-square-foot property in Scotch Plains, New Jersey, presents a compelling investment opportunity. Located at 2518 Plainfield Ave, this two-story, 1940-built building combines executive office space with ample warehouse/yard capabilities. The main structure features three separate office areas, a kitchen, and a half-bath, all with hardwood floors. Recent upgrades include a newer roof and vinyl siding. The building also boasts a finished basement for storage and a detached one-car garage. The property sits on a 0.16-acre lot, providing significant outdoor space. Currently, a portion of the land is leased for truck parking, generating $1300 monthly income. This lease covers only land usage for parking. The office area offers central air conditioning and heating, and the second floor provides additional storage. Four parking spaces are available in front of the building for office use, with additional space in the backyard accommodating up to 7-10 trucks. The property is zoned commercial and is situated in a convenient industrial area, making it ideal for a variety of businesses. This property offers a blend of office and industrial uses, presenting a rare opportunity for owner-occupancy or investment. The existing tenant's lease provides immediate cash flow. This is a diamond in the rough with significant potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scotch Plains
- County
- Union
- State
- New Jersey
- Longitude
- -74.3779794
- Latitude
- 40.6569958
