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    558 S Broad St Elizabeth, NJ 07202

    For Sale
    $1,200,000

    Commercial - Elizabeth City, NJ

    Lot size:
    0.16 Acres
    Days on Market:
    171
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 558 S Broad St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Parking
    10
    Basement Y/N
    1
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1925
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Tile, Wood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Top Choice Realty Network LLC (908) 768-2252 [email protected]

    Listing agent LEONEL BEXIGA (908) 353-8277

    Listing date Jun 26, 2025

    MLS# 3970929 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

    Commercial Building with Development Potential

    This commercial five-unit building is situated on a 71x100 lot and features two driveways. The property offers a potential opportunity for developers to construct new apartments or subdivide the right side to build a new two-family residence. The left side includes a driveway leading to a two-car garage with a loft above, currently leased to a contractor along with two one-bedroom units on the first floor for $3,500. The second floor features a studio apartment rented for $900 and two additional two-bedroom units, each rented for $1,500. The right side of the property provides eight parking spaces. The basement is finished. A single heating furnace, which is two years old, heats the entire building. The property is located in Elizabeth City, NJ.
    Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.21607
    Latitude
    40.65082

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    FAQs

    What type of property is this?
    Investment property - Five-unit commercial building on a 71x100 lot with development potential.
    Where is this investment property located?
    The property is located at 558 S Broad St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High income-generating potential: Currently generating $7,400/month from existing tenants.; - Development opportunity: Potential for new apartment construction or subdivision for a new 2-family home.; - Large 71x100 lot with 2 driveways and 8 parking spaces.
    (908) 353-8277
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    558 S Broad St Elizabeth, NJ 07202
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    Elizabeth, NJ 07202
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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
    558 S Broad St Elizabeth, NJ 07202
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