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Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1472-78 South Avenue in Plainfield, New Jersey is a vacant ±2,795 SF freestanding retail building on a ±0.325-acre signalized hard corner in the New York-Newark-Jersey City MSA. Built in 2010 and formerly occupied by 7-Eleven, the Property is offered at a substantial discount to replacement cost and presents a compelling owner-user, lease-up, or adaptive reuse opportunity. The site includes 12 parking spaces, two curb cuts, and approximately 100 feet of frontage along South Avenue and 150 feet along Terrill Road, where combined traffic totals ±22,221 VPD. Existing retail improvements and refrigeration infrastructure may reduce upfront capital for a new operator. CoStar reports market retail rents of approximately $27–$33 PSF NNN. Zoned NC, Neighborhood Commercial, the Property permits a broad range of uses providing flexibility for repositioning in a dense, high-income trade area.
Due Diligence
Location
Plainfield offers a dense, affluent Northern New Jersey trade area with direct access to Newark, New York City, Route 22, and I-78. The Property sits at South Avenue and Terrill Road near Wawa, CVS, Dunkin’, McDonald’s, and other daily-needs retailers. Within 5 miles are 298,000+ residents with average household income above $205,800, supporting strong consumer demand.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
