Plainfield NJ Real Estate & Commercial for Sale

Welcome to a versatile property opportunity in Plainfield. This unique property offers the flexibility of being utilized as either a storefront with an attached 3-bedroom, 2.5-bathroom home or as a 2-family residence. The property, currently in a state of transformation, presents an exciting canvas for customization and finishing. Plans are available upon request to complete the envisioned layout, ensuring that the final result perfectly matches your needs and preferences. Upon entering, you'll find a storefront area that holds immense potential for various business endeavors. The attached home portion, with a separate entrance, boasts a well-designed, spacious layout featuring 3 bedrooms and 2.5 bathrooms, offering comfortable and convenient living quarters. With a full unfinished basement included, there's ample storage space for both residential and commercial needs. The property has been gutted and framed out, providing a solid foundation for your renovation and design aspirations. The lot also has a large, paved driveway with ample parking available. Schedule a showing today and don't miss out on the opportunity!

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

Building for sale . Currently being used as a nonprofit organization. Across the street from a House of worship . The highest and best use is to convert Building to residential apartments or knock down and put up approx. 21 apartments units or more . Seller will allow buyer to go for needed variances and site plans for all approvals. Seller will not pay for any approvals nor go for any variances. The buyer would be responsible to talk with Planning and Zoning for "special Redevelopment permission " The property is currently in a R-2 Single family and two-family zoning . Another option would be to convert to a school or place of education, but city approval would be required