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150 Terrill Rd
Plainfield, NJ 07062
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,750 SF
Building Class
C
Year Built/Renovated
1962/2012
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.21 AC
Zoning
Neighborhood Commercial
Parking
11 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
120’ on Terrill Rd

AMENITIES

  • Pylon Sign
  • Signage

ABOUT 150 TERRILL RD , PLAINFIELD, NJ 07062

Exciting opportunity to own a freestanding mixed use building in a highly desirable area of Plainfield NJ. Down the street from RT 22 and across the street from Scotch Plains NJ. Property is vacant and in need of some work. Projected cap rate for an investor is 12% but also is an excellent property for a restaurant operator to occupy the first floor and rent the 2nd floor apartment. Property is in need of some work hence the price. Amazing exposure and perfect for a owner occupant that wants to own their building rather than pay rent. Environmental is clean. Property Taxes are now $10,000/year after tax appeal. Property is currently vacant and rents are projected.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-00444-0000-00005
Land Assessment
$90,300
Improvements Assessment
$40,700
Total Assessment
$131,000
  • Listing ID: 13314571

  • Date on Market: 7/28/2018

  • Last Updated:

  • Address: 150 Terrill Rd, Plainfield, NJ 07062

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