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    231 Broad St Elizabeth, NJ 07201

    For Sale
    $1,750,000

    Commercial - Elizabeth City, NJ

    Property size:
    10,994 SF
    Days on Market:
    51
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 231 Broad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-4
    Rooms
    Basement
    Basement Y/N
    1
    Size
    10,994 SF

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1880
    Floors in Building
    2
    Number of units
    7
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    CENTURY 21 Alliance Realty (908) 587-5222 [email protected]

    Listing agent RODOLFO MIRANDA (908) 587-5222

    Listing date Oct 24, 2025

    MLS# 3986653 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Near Transit

    This mixed-use property features two buildings: a four-story front building and a three-story rear building. It is located across from a NJ Transit train station, with a NYC bus stop nearby, and is also situated minutes from major highways. The property includes a freight elevator and two AC units. A municipal parking lot is located in the rear. The first-floor retail unit is currently leased for $2,600 per month, and the rear building is used as a driving school, leased for $2,200 per month; other units are vacant. The roof is 3 years old, and the plumbing has been updated to PEX. The electric system was updated in 2015, and the gas heat is 10 years old. The property is zoned C-4 and is suitable for professional, commercial, retail, and storage purposes, among other uses. The property has a size of 10,994 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.21511
    Latitude
    40.66717

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near transportation hub, ideal for various commercial uses.
    Where is this mixed-use property located?
    The property is located at 231 Broad St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Prime location directly across from NJ Transit train station with NYC bus stop at the doorstep.; - Mixed-use property with existing income from leased retail and driving school units.; - Freight elevator for convenient access to upper floors.
    (908) 587-5222
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    231 Broad St Elizabeth, NJ 07201
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    Elizabeth, NJ 07201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 Broad St Elizabeth, NJ 07201
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