Fantastic opportunity to own a commercial property located at 1011 E 2nd St in Plainfield NJ. This property is currently being used as a restaurant and benefits from ample street parking! Sale includes all restaurant equipment including the ventilation hood. This property also has a full basement. Located on E 2nd St, which is in both a commercial and residential area. Conveniently, there is a bus stop that runs directly across the street. If you are looking to take ownership, then call today.
"Exciting Business Opportunity in Plainfield!We are thrilled to present a brand-new commercial space available for lease at 1369 South Ave, Plainfield. This spacious 1700 Sq ft location is perfectly suited for a variety of businesses, retail and professional Business, including food, retail, daycare, doctors' offices, and more!Key Features:- Stunning all-glass doors and window surround for maximum visibility and natural lightStreet parking available- Two bathrooms for added convenience and customer comfort- Ample parking available for both customers and employees, and Street parking available- Prime foot traffic spot!- Close proximity to a franchise food business, attracting even more potential customers- Prime location with high foot traffic on South Ave, surrounded by multi-luxury residential buildings.In terms of transportation, Plainfield is well-connected to other parts of New Jersey and beyond. The area has access to major highways, including Route 22 and Interstate 78, making it convenient for commuting by car. Additionally, Plainfield has a train station served by NJ Transit, providing access to regional rail transportation.This beautiful space offers endless possibilities for entrepreneurs and business owners looking to establish or expand their presence in the area. Whether you're starting a restaurant, opening a retail store, or planning to set up a professional office, this location is sure to impress.
Just reduced. Cap rate is over 8.5%. All units are rented. Current rent roll is is approximately $12k per month. This property includes 2 residential units each consisting of 3 bdrm/1 bathroom apartments. An operating hair salon, smoke shop, biker's club, and a construction contractor's office. Enjoy the revenues with little or nor work as almost everything has been renovated. New HVAC system, new roof, boiler. Each unit as separate utilities. 3 units have brand new Central A/C. A dedicated 5 car parking lot is in the rear of the building. On-street parking is also available. The roof was replaced in 2021, so less than 3 years old. All retail/residential units were all renovated recently and so this is as turnkey as they come. Lots of storage in this building as there are several basements. The construction contractor's office is owned by the seller, so they can move if you would like to occupy this retail space or they can sign a lease agreement. Yearly gross income - $136k, Expenses - $42k, Net operating income = 94k
The median home value in Plainfield, NJ is $400,600. This is lower than the county median home value of $498,700. The national median home value is $338,100. The average price of homes sold in Plainfield, NJ is $400,600. Approximately 39.16% of Plainfield homes are owned, compared to 55.09% rented, while 5.75% are vacant. Plainfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Plainfield real estate agent to arrange a tour today!
Plainfield, New Jersey 07062 has a population of 54,183. Plainfield 07062 is less family-centric than the surrounding county with 28.61% of the households containing married families with children. The county average for households married with children is 34.03%.
The median household income in Plainfield, New Jersey 07062 is $63,750. The median household income for the surrounding county is $87,369 compared to the national median of $69,021. The median age of people living in Plainfield 07062 is 34.1 years.
The average high temperature in July is 86.2 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 49 inches per year, with 22.2 inches of snow per year.