Modern Multi-Tenant Retail with Lease Upside 481 US Highway 22 2 535 m² Inoccupé Local commercial Vente aux enchères en ligne North Plainfield, NJ 07060

Discover a premier retail acquisition with 481 US Highway 22 N, offering a versatile multi-tenant facility with a high-exposure location in North Plainfield, New Jersey. Delivered vacant, this is a prime opportunity for growing businesses to secure flexible space for their operations. Value-add investors will also enjoy massive upside to lease the property and capture rapidly growing rents in this tight submarket.

Built in 1950 and extensively renovated in 2016, 481 US Highway 22 N offers 27,258 square feet of mostly open space across two floors with high-quality modern finishes. The exteriors are an attractive mix of masonry and stucco, with highly visible signage opportunities. The property was previously used as a furniture showroom and has a build-out for multi-tenant use. The lower level boasts beautiful, exposed beams, and both floors are defined by plank flooring, track lighting, and large windows that fill the spaces with rich natural light. A rooftop solar array and a battery for the system is not included in the sale.

Situated directly off US Highway 22 N, the property enjoys exceptional placement along one of the area’s busiest commercial arteries. It sits directly on a signalized intersection, with prominent signage potential and great visibility to more than 65,000 daily vehicles. The highway delivers strong customer traffic thanks to a high concentration of nearby national retail brands, and the property sits just 2 miles from the Watchung Square shopping center, with industry-leading tenants such as Target, Walmart Supercenter, The Home Depot, T.J. Maxx, Stop & Shop, Old Navy, and a Gap Factory store. Ready to accommodate this elevated traffic, the property’s 0.60-acre lot is equipped with on-site parking for 22 vehicles. Situated just 26 miles from New York City and 16 miles from Newark, the site is perfect for commuters, with convenient access to mass transit.

North Plainfield presents the perfect destination for new retail business and investment, boasting some of the region’s strongest fundamentals. The Route 22 East Retail Submarket currently posts vacancies of just 2.9%, and the high demand for quality space in the area has driven rent growth of 3% over the past 12 months. Businesses in the submarket benefit from an affluent customer base and strong demographics within just 3 miles of 481 US Highway 22 N. More than 120,000 residents and 4,000 businesses call the area home, boasting an average household income of more than $123,000. These high earners drove consumer spending of more than $1.4 billion during 2024, creating a dependable customer base for retail ventures.

Offering fantastic potential for large retailers and investors seeking to stabilize the multi-tenant property, combined with a high-exposure location on North Plainfield’s primary commercial and commuter corridor, 481 US Highway 22 N provides the perfect new acquisition for users and investors alike.

Property tours are by appointment only. Please contact the listing broker to schedule.