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1590 E 2nd St 4,800 SF 100% Leased Office Building Scotch Plains, NJ 07076 $2,122,650 CAD ($442.22 CAD/SF)
Investment Highlights
- Mix of income streams from office suites, apartment, and garages.
- Located in Scotch Plains’ B-2 Business Zone, allowing wide-ranging permitted uses.
- Accessible suburban location with strong road connectivity and local amenities.
- Currently tenant-occupied providing immediate rental return.
- Multiple leasing options suitable for investors or owner-users.
Executive Summary
Exceptional Investment Opportunity " Two Separately Deeded Commercial Properties Being Sold TogetherDon't miss this unique opportunity to acquire two separately deeded commercial properties being sold as one, offering multiple income streams and outstanding investment potential.1590 E. 2nd Street features a well-maintained mixed-use layout with a tenant-occupied apartment on the second floor and two tenant-occupied office spaces on the first floor, providing immediate rental income.The adjoining property includes three garages, four office suites on the second floor, and one office on the third floor, offering additional leasing opportunities or space for an owner-user.Together, these properties present a versatile investment with a strong combination of residential, office, and garage income potential. Whether you're looking to expand your portfolio or occupy part of the property while generating rental income, this is a rare opportunity with endless possibilities. This listing also includes 1594 E. 2nd St.Both separately deeded properties are being sold together as one package.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,800 SF
Building Class
C
Year Built
1975
Price
$2,122,650 CAD
Price Per SF
$442.22 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,400 SF
Building FAR
0.27
Lot Size
0.40 AC
Zoning
Commercial,Office - B-2 Business Zone allows a wide range of retail, office, restaurant, medical, and service uses. Buyer to verify permitted uses with Township.
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 16-00401-0000-00004-01 | Improvements Assessment | $120,259 CAD |
| Land Assessment | $39,095 CAD | Total Assessment | $159,354 CAD |
Property Taxes
Parcel Number
16-00401-0000-00004-01
Land Assessment
$39,095 CAD
Improvements Assessment
$120,259 CAD
Total Assessment
$159,354 CAD
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1590 E 2nd St
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