MLS Number 4740497
- Year Built 1840
- Acreage 0.07
- Area Village
GREAT PRICE all reasonable offers will be considered! 10% Cap rate at current price with rents low, imagine the margins you could make here with forced appreciation! This is an awesome commercial investment opportunity in the heart of Plainfield village waiting for a bright mind to bring it to its full potential. Possibilities with proper permitting might include: General store, light manufacturing, and with this amount of space multiple businesses and/or offices can be sustained along with the current residential units. Priced to sell this is a large building with a lot of character that was originally built in 1840 as a residence, and has had two additions since. This building has great exposure with frontage on both busy Route 2 and Main Street, plus a steady flow of foot traffic directly in front. The first level is fully leased with two current established businesses, and there is also a residential unit on the second level which is occupied. With tons of unrealized value to be tapped into this would be a great beginning to or addition for any portfolio. Sellers are motivated and anxious to see this historic icon operating at its peak potential again.
Listed by Nate Bartlett of StoneCrest Properties, LLC2