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512-524 Watchung Ave
Plainfield, NJ 07060
512-524 Watchung Ave, Plainfield · Specialty Property For Sale
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63,145 SF
PROPERTY FACTS
| Property Type | Specialty | Building Size | 63,145 SF |
| Building Class | B | No. Stories | 3 |
| Lot Size | 1.12 AC | Year Built | 1900 |
| Zoning | R5 | ||
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 1.12 AC |
| Building Size | 63,145 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R5 |
ABOUT 512-524 WATCHUNG AVE , PLAINFIELD, NJ 07060
Marcus & Millichap has been selected to exclusively market for sale 512-525 Watchung Ave, a 63,145 square foot vacant YMCA building. The property is located in a Federal Opportunity Zone and has the potential to be converted into a multifamily building. The property is also well suited for an owner user or to be converted to an office building. The property has direct access to Route 22, I-78, and I-287. Located approximately 2 blocks from the Plainfield Train Station which offers convenient routes to Manhattan and Newark. Approximately 0.5 miles to the Watchung Ave Bus Stop. Approximately 30 minutes from Newark Liberty Airport and 30 miles from New York City. Plainfield is in the process of a half billion dollar downtown redevelopment. They are anticipating a $1.3 million transformation of North Avenue as an entertainment-bustling, retail-driven pedestrian walk in front of the city’s train station. Additionally, seven downtown construction projects that will bring about 1,000 resident units and more than 40,000 square feet of retail space to the city.
PROPERTY TAXES
| Parcel Number | 12-00835-0000-00004 | Improvements Assessment | $1,500,000 |
| Land Assessment | $500,000 | Total Assessment | $2,000,000 |
PROPERTY TAXES
