500 Arlington Ave, Plainfield City, NJ 07060
sale
$4,400,000
|
Other
Courtesy Of ERA Suburb Realty Agency
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 additional 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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 0
- Exterior Type: Concrete
- Heating System: Hot Water (Heating)
- Heating System: Forced Air
- Heating System: Other (Heating)
- MLSID: 4014407
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