Rahway City Land for Sale

Rahway City Land for Sale

Welcome to Rahway City, a hidden gem nestled in the heart of Union County, New Jersey. Known for its rich history and vibrant community, Rahway is a city that seamlessly blends the charm of small-town living with the conveniences of urban life. With its convenient access to major highways and public transportation, residents enjoy an easy commute to New York City, making it an ideal choice for professionals and families alike.

Rahway is celebrated for its diverse culture, thriving arts scene, and a variety of recreational opportunities. The Rahway River Park offers picturesque walking trails and lush green spaces, perfect for outdoor enthusiasts. Additionally, the city boasts a lively downtown area filled with unique shops, delightful restaurants, and entertainment venues, ensuring there’s always something to do.

For those looking to invest in their future, we are excited to present prime land for sale in Rahway City. This is a unique opportunity to secure a piece of property in a rapidly developing area that promises both growth and potential. Whether you envision building your dream home or a commercial venture, the possibilities are endless. With a supportive local government and a community that values progress, Rahway is poised for continued development.

Don’t miss your chance to become part of this dynamic city. Explore the available land for sale in Rahway City and take the first step towards realizing your vision in a community that truly feels like home. Embrace the opportunity to plant your roots in a city rich with promise and potential!

Newest Rahway City Land for Sale

$1,250,000
4023260 MLS
PRICE IMPROVEMENT -- INCREASED CAP RATE ! 428-434 W Grand Avenue & 1689 Oliver Street in Rahway, NJ are two separate properties which may be sold separately. The property at 428-434 W Grand Ave includes both apartment rentals and storefronts. On the second floor, there are three apartment units: Unit 428, a 1-bedroom unit renting for $1,075 per month; Unit 430, a 3-bedroom unit available on a month-to-month lease for $1,800 per month and Unit 434, an owner-occupied 1-bedroom unit with an estimated rental value of $1,200 per month. The first floor features two storefronts: Unit 428, a 300-square-foot space currently leased to a skincare business at $755 per month on a month-to-month basis, and Unit 434, a vacant restaurant space with a kitchen. The former tenant of Unit 434 was paying $2,000 per month, with the new estimated rental rate set at $2,500 per month. Restaurant equipment is included in the sale. The property at 1689 Oliver St is a fully occupied two-unit building situated on a 0.1327-acre lot. The first-floor unit, a 1-bedroom apartment, is rented for $1,336 per month with a lease through September 2025. The second-floor unit, also a 1-bedroom, is rented for $1,400 per month on a month-to-month lease. The landlord covers the heating costs for both units, which amounts to $900 per year, as there is a single furnace servicing both apartments. The total rental income for the property is $2,736 per month, or $32,832 annually. 7.3% CAP RATE !

428 W Grand Ave, Rahway City

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