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Property profile & analytics
FOR LEASE
Commercial real estate

475 Watchung Ave Plainfield, NJ 07069

12,293 SF 1 ac lot Built 1958
Individually Owned Free & Clear
Property ID
US59-1809310
Property summary
AI-generated overview

This exceptional second-floor office space, located at 475 Watchung Avenue, Unit 7, in Watchung, NJ, presents a fantastic opportunity for businesses seeking a prominent location with easy access to major transportation routes. Boasting approximately one acre of land, this property offers ample space and high visibility, making it ideal for a variety of professional uses. The office space itself has recently undergone renovations, including fresh paint and new flooring, ensuring a modern and inviting atmosphere for employees and clients alike. Its strategic location provides convenient access to both Highway 22 and Highway 78, significantly enhancing accessibility for commuters and clients traveling from various regions. The square footage is currently unavailable, but interested parties are encouraged to inquire for further details. This property is priced at $800,000 and represents a compelling investment opportunity in a thriving Watchung business district. The combination of its prime location, updated interior, and convenient access to major roadways makes this office space a truly exceptional offering. Don't miss this chance to secure a highly visible and functional workspace in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Construction FRAME
Total area 12,293 SF
Lot 1 ac (43,560 SF)
Zoning code B-A
APN 21 04701-0000-00005
UPID US59-1809310
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$1.72M
Owner & transaction history
NOT AVAILABLE FROM DATA SOURCE
NOT AVAILABLE FROM DATA SOURCE
Zoning & alternative use
B-A · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 19.89 ac
Top alternative use upside
Office building $2.5M +1.0%
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