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700 Park Ave 21,000 SF Office Building Plainfield, NJ 07060 $1,850,000 ($88.10/SF)
Executive Summary
Mixed use redevelopment opportunity in downtown Plainfield, 1/2 mile from Plainfield train station. This area is intended to be the downtown retail center as well as serving a broader population of Plainfield residents and the surrounding region. The city is targeting the CBD as such a center because this location can capitalize on its proximity to the Downtown Train station to support the sought activity.
This area is intended to be the primary pedestrian oriented retail shopping experience for the City, with mixed use commercial/residential structures. While there has been significant CBD investment, the success of the CBD continues to be an ongoing effort, and most of the City’s planning and redevelopment efforts focus on this achievement. The city continues to strive to make the CBD a downtown that is bustling 24 hours a day for people to live, work, shop and recreate.
This area is intended to be the primary pedestrian oriented retail shopping experience for the City, with mixed use commercial/residential structures. While there has been significant CBD investment, the success of the CBD continues to be an ongoing effort, and most of the City’s planning and redevelopment efforts focus on this achievement. The city continues to strive to make the CBD a downtown that is bustling 24 hours a day for people to live, work, shop and recreate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,000 SF
Building Class
C
Year Built
1981
Price
$1,850,000
Price Per SF
$88.10
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,000 SF
Building FAR
0.48
Lot Size
1.00 AC
Zoning
Commercial - CBD
Parking
10 Spaces (0.5 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-00713-0000-00003 | Improvements Assessment | $556,400 |
| Land Assessment | $309,100 | Total Assessment | $865,500 |
Property Taxes
Parcel Number
12-00713-0000-00003
Land Assessment
$309,100
Improvements Assessment
$556,400
Total Assessment
$865,500
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