2450 Plainfield AveScotch Plains, NJ 07076

  • Other commercial real estate
  • 1.04 AC
For Sale
$3,900,000 View listing

Property Details for 2450 Plainfield Ave

Year built
1954
Lot size
1.04 AC
Zone code
M-1
Property type
Other commercial real estate
APN
16 06502-0000-00001- 01
APU
160650200000000101

Description

This 6,800-square-foot industrial warehouse, situated on a 1.05-acre lot in Scotch Plains, New Jersey (07076), presents a compelling investment opportunity. The property, located at 2450 Plainfield Ave, is zoned M-1 Industrial, offering significant flexibility for various uses. Built in 1950 with a newer metal warehouse addition, the building boasts a diverse layout. This includes approximately 3,000 square feet of office space, a 2,000-square-foot shop area with 20-foot clear ceilings, and a 1,800-square-foot warehouse section with 12-foot clear ceilings. The warehouse features two 12' x 16' high drive-in doors and one 10' x 12' high drive-in door for convenient access. Additional features include basement storage, 200-amp service in the office, and three-phase heavy power for the shop and warehouse. The property also offers approximately 75 acres of outdoor parking and storage, providing ample space for equipment and materials. The asking price is $3,900,000, and the lease type is NNN. Ceiling heights range from 8 to 22 feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,552,472
    Hospitality
    $7,834,019
    Educational
    $6,517,812
    Medical
    $6,741,969
    Retail
    $10,138,818
2450 Plainfield Ave, Scotch Plains, New Jersey

Location Insight

City
Scotch Plains
County
Union
State
New Jersey
Latitude
40.6581
Longitude
-74.3807
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,570
$123,200
$76,800
$200,000
-
$123,200
$76,800
$200,000

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