365 Park Avenue is a prime 0.20-acre lot located in the heart of Downtown Scotch Plains. This fully paved, construction-ready site includes approved plans for a three-story, 12,500-square-foot mixed-use development. The design allows for flexible zoning, accommodating a variety of retail businesses on the ground floor, with office space and residential units on the upper floors. Department of Environmental Protection permits that are grandfathered in enhance the site's development potential, making this property an exceptional opportunity for investors to meet the area’s growing demand. Situated in Scotch Plains’ vibrant downtown area, the property is surrounded by historic charm, popular restaurants, and a dynamic mix of shops and businesses. Within a mile, national retailers such as Kohl’s, Marshalls, Dollar Tree, and Chick-fil-A add to the area’s appeal, alongside local favorites like Stage House Tavern and Black Drop Coffee. The site benefits from excellent transportation options, including proximity to the Fanwood Train Station for easy access to Penn Station. Major highways like Interstate 78, the Garden State Parkway, and Interstate 287 are all within a short drive, ensuring seamless regional connectivity. Located in Union County, Scotch Plains is part of the New York City metropolitan area and boasts an affluent population of over 276,000 residents within a 5-mile radius. With a median household income of $124,000 and annual consumer spending exceeding $4 billion, the market is primed for retail, office, and residential demand. Situated in Northern New Jersey’s fourth-largest retail submarket, 365 Park Avenue offers unparalleled exposure to over 16,000 daily vehicles and consistent foot traffic. Low vacancy rates, rising rents, and strong market fundamentals make this property an extraordinary investment opportunity in a high-growth area.
