For Sale
$3,980,000

1597-164 Park AveSouth Plainfield, NJ 07080

8-Storefront Strip Mall, High-Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional commercial land opportunity in South Plainfield, New Jersey, presents a rare chance to acquire an established 8-storefront strip mall at 1597-164 Park Avenue, 07080. The property, situated on a busy corner lot, offers significant potential for income growth. The approximately 26-year-old building is exceptionally well-maintained and in excellent condition. All eight storefronts are currently occupied by long-term tenants (10-15 years) operating profitable businesses. This translates to a stable and consistent income stream, with further upside potential through future rental increases. The land parcel encompasses 1.016 acres, providing ample space for the existing structure and potential future development. The property is located in Middlesex County, offering easy access to major transportation routes and a thriving local economy. This is an ideal investment for those seeking a stable, high-performing asset with significant long-term growth prospects. The asking price is $3,980,000. The property is classified as commercial land with a single story. There are no residential units on the property.

Property Details for 1597-164 Park Ave

Property type
Land
Stories
1

Location Insight

City
South Plainfield
County
Middlesex
State
New Jersey
Latitude
40.598722
Longitude
-74.4011261
1597-164 Park Ave, South Plainfield, New Jersey

FAQs

What type of property is this?
Land - 8-Storefront Strip Mall, High-Growth Potential
Where is the land located?
The property is located at 1597-164 Park Ave South Plainfield, NJ.
What is the asking price?
The asking price for this property is $3,980,000.
How can I contact the broker?
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1597-164 Park Ave
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