189 Front StSouth Plainfield, NJ 07080

For Sale
$595,000

Historic Downtown, High-Yield Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 189 Front Street in South Plainfield, New Jersey's burgeoning Historic Downtown District, presents a compelling investment opportunity. The building, encompassing 3,000 square feet across two stories, sits on a 0.071-acre lot and is zoned HDD. It features a well-established tenancy with two units: a ground-floor commercial space and a second-floor residential apartment. The ground floor, approximately 1,500 square feet, is currently leased as retail space/office, including a half-bath and basement storage, generating $2,000 in monthly rent. The second-floor apartment, also approximately 1,500 square feet, offers three bedrooms, one bathroom, a living room, eat-in kitchen, and formal dining room. This unit commands a monthly rent of $2,250, with the current tenant having occupied the space for over five years on a month-to-month lease. The property boasts convenient off-street parking, a significant advantage in this vibrant downtown area. Offered at $595,000, this represents a strong price-per-square-foot of $198.33, making it an attractive addition to any investment portfolio. The building's location on a busy corner ensures high visibility and accessibility, further enhancing its investment potential. This is a rare opportunity to acquire a well-maintained, income-producing property in a rapidly developing area.

Highlights

  • Exceptional mixed-use property in South Plainfield, NJ's Historic Downtown District.
  • 3,000 sq ft building on a 0.071-acre lot, zoned HDD.
  • Two units: 1,500 sq ft ground-floor retail/office (generating $2,000/month rent) and a 1,500 sq ft, 3-bedroom residential apartment ($2,250/month rent).
  • Convenient off-street parking.
  • Offered at $595,000 ($198.33/sq ft).

Property Details for 189 Front St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,000 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
3,093 SF
Units
2

Location Insight

City
South Plainfield
County
Middlesex
State
New Jersey
Latitude
40.5794902
Longitude
-74.410993
189 Front St, South Plainfield, New Jersey

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189 Front St
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