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$4,400,000
Est. payment /mo
0.95 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4014407
Year Built 1940
Tax Year 2025
Lot Size 0.950 Acres
Property Description
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.
Location
State NJ
County Union
Zoning TSR2
Interior
Heating Gas-Natural, Oil Tank Above Ground - Outside
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural, Oil Tank Above Ground - Outside
Exterior
Exterior Feature Concrete
Utilities Available Electric, Gas In Street, Gas-Natural
Roof Type See Remarks
Building
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by ERA SUBURB REALTY
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