2101 Park AveSouth Plainfield, NJ 07080

For Sale
$999,000

Fully occupied, high-yield investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Exceptional mixed-use investment property in South Plainfield, NJ (07080), priced at $999,000.
  • 7.76% cap rate and $77,511 NOI.
  • Two buildings, four units, 100% occupancy, providing immediate cash flow.
  • Versatile space with office, retail, and residential components.
  • High-visibility Park Avenue location with rear parking.

Property Details for 2101 Park Ave

Property type
Other retail properties, Individual retail properties
Units
4

Location Insight

City
South Plainfield
County
Middlesex
State
New Jersey
Latitude
40.5952157
Longitude
-74.3998858
2101 Park Ave, South Plainfield, New Jersey

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2101 Park Ave
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