Commercial Sale for sale in Plainfield, New Jersey, NJUN2000110

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420 Madison Avenue,

Plainfield, New Jersey NJ07060-1524

Listing IDNJUN2000110

Price$624,999$74K

Price/SqFt$281.53

StatusACTIVE

SqFt 2,220

Acres 0.120

CountyUnion

Year Built1900

Property TypeCommercial Sale

Property Sub TypeMixed Use

Package sale to be sold with 424-428 Madison Avenue (two family property - listed at $375K). Commercial investment opportunity. Storefront with two apartments. Storefront presently used as check cashing business. Storefront has its own basement and HVAC - $2,898.19/month. 10 year lease, expires 5/31/2026. 1st Floor Apartment - 3 bedrooms, 1 bath, large updated eat-in kitchen, living room with beautiful coffered ceilings - $1,550/month. Hardwood floors throughout. 2nd Floor Apartment - 3 bedrooms, 1 bath, laminate flooring (1 year old) - $1,625/month. Access to large attic with great potential to finish into additional living space. Garage rented at $500/month. Closing proximity to Plainfield Train Station and downtown.

Primary Features

County Union

Price/SqFt 281.53

Property Sub Type Mixed Use

Property Type Commercial Sale

Year Built 1900

Zoning MU

Interior

Building Total SqFt Source Estimated

Central Air no

Cooling Type None

Heating yes

Heating Type Radiator, Steam

External

Car Parking Spaces 4

Construction Materials Other

Cooling Fuel None

Heating Fuel Natural Gas

Hot Water Natural Gas

Lot Dimensions Source Assessor

Lot Size Dimensions 45.00 x 117.95

Lot Size Source Assessor

Lot Size Units Square Feet

Navigable Water no

New Construction no

Sewer Septic Public Sewer

Tidal Water no

Total Garage and Parking Spaces 4

Type of Parking Driveway, Private Garage

Water Access no

Water Oriented no

Water Source Public

Water View no

Location

Country US

MLS Area Plainfield City (22012)

Municipality PLAINFIELD CITY

Waterfront no

Additional

Accessibility Features None

Business Type Other

Days on Market 127

Potential Tenancy Multiple

Property Use Investment

Year Assessed 2021

Year Built Source Assessor

Financial

Acceptable Financing Cash, Conventional

Automatically Update Tax Values yes

Net SqFt 2220

Ownership Interest Fee Simple

Possession Settlement

Riparian Rights no

Sale Type Standard

Tax Annual Amount 14673

Tax Assessed Value 175000

Tax Lot 00007

Tax Year 2021

Vacation Rental no

Zoning Info

Area Info

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Contact - Listing ID NJUN2000110

Justin Wiley

132 East Main Street

Orange, VA 22960

Phone: 540 672 3903

P.O. Box 430

Data services provided by IDX Broker