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About This Home
This 0-bedroom, 0-bathroom commercial at 500 Arlington Ave in Plainfield City, NJ is listed for $4,400,000. Built in 1940, on a 0.95 acres lot.
Properties are located 510 Arlington Ave, 512 Arlington Ave, 515 Madison and 517 Madison. This premier investment opportunity situated within the Todd South Redevelopment Zone in Plainfield, offering a massive 34,300=square foot footprint with rare three-street frontage.
Comprising Block 706, Lots 3,4,and 8, this expansive site is a developer's dream with significant potential for a five-story residential apartment building, aligning with the successful momentum of the ten-high-density buildings already completed under the Todd South Redevelopment Plan.
The property is .3 miles to the Plainfield Train to NYC. The property currently features a diverse mix of existing structures and utility:LOT 8: A functional three-family houseLOT 4: A 6,000 Square foot vacant lotLOT 3: A powerhouse of utility featuring a large one-story commercial building, a substantial garage with ample parking, and two addition
al residential buildings (one two-family and one three family).This unique assemblage provides both immediate rental income and a shovel-ready path toward a landmark transit-oriented development.
Key Features
- Built in 1940
- 0.95 acre lot
Property Details
Monthly Cost Estimate
$23,532/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
500 Arlington Ave
Plainfield City, NJ 07060-1534
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 500 Arlington Ave is listed at $4,400,000. The estimated monthly payment is $19,067 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.95 acre lot.
This property is listed by DONALD LAMASTRA and can be reached at 9083224434 or donald.lamastra@gmail.com.