Plainfield, NJ Mixed Use Portfolio 6 biens | Plainfield, NJ

NAI DiLeo-Bram & Co. is pleased to have been selected to exclusively market for sale a portfolio of 7 mixed-use buildings all located within a .75 mile radius in downtown Plainfield. The properties are all income-producing, with 100% fully leased apartment units and the potential to produce additional income through retail leasing. The average monthly rent for a residential apartment in this portfolio is currently $2,590/month. Each property in this portfolio is strategically located steps away from North Avenue Plainfield Train Station, providing easy access to NJ Transit’s Raritan Valley Line for commuting to Newark and New York City. The station is also a hub for multiple NJ Transit bus routes, enhancing connectivity to regional job centers like Newark and Elizabeth. The properties along North Avenue and Gavett Place are part of the City’s Transit-Oriented Development (TOD) North Avenue Development Plan and redevelopment efforts are currently underway in this area of Plainfield. The City Council actively adopts amendments aimed at establishing parking criteria for recreational uses and improve accessibility and community activities.
Downtown Plainfield boasts a reemerging dining scene with diverse restaurants, such as local eateries along Park and Watchung Avenues, complemented by cultural attractions like the Drake House Museum and Union County Performing Arts Center. Nearby educational institutions, including Union County College (accessible via bus in ~58 minutes) and quality local schools, add family-friendly appeal. Green spaces like Green Brook Park and Cedar Brook Park offer recreational opportunities, while the city’s Transit Village designation and TOD zones near Plainfield and Netherwood stations encourage dense, mixed-use projects with incentives for developers. The city is also considering proposals to create a pedestrian plaza to enhance the vibrancy around the train station With ongoing projects enhancing this thriving downtown area, Plainfield’s blend of transit access, community vibrancy, and development friendly policies makes it an attractive hub for investors.