Mixed-Use Property with Renovated
113 Elizabeth Ave Elizabeth, NJ 07206
113 Elizabeth Ave, Elizabeth, NJ, 07206
$1,300,000
For Sale
$1,300,000
3,500 sq ft warehouse/storefront with two renovated apartments.
Property Size9,999 SF
Lot Size0.12 Acres
Price / SF$130.01
Days on Market148
Property Features for 113 Elizabeth Ave
General Information
- Standard status
- Active
- Size
- 9,999 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
KYM REALTY GROUP LLC
(908) 991-3912
Listed by
MILAGROS ALVAREZ · License #298659
Source
Corcoran
Added: Feb 18 Checked: Jul 16 at 6:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KYM REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This mixed-use property features a 3,500 sq ft warehouse/storefront situated on a 50x100 lot. The property also includes two fully renovated 2-bedroom residential apartments above. All units are vacant, offering immediate flexibility for an owner-user or investor to set market rents. The warehouse space provides excellent versatility for retail, light industrial, distribution, or contractor use. The renovated residential units are move-in ready. This property is ideal for business owners seeking live/work potential or investors looking to maximize income.
Key Highlights
- Vacant: Immediate flexibility for owner‑user or investor
- 3,500 sq ft warehouse/storefront with versatile use potential (retail, light industrial, distribution, contractor)
- Two fully renovated 2‑bedroom residential apartments
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.4k | $17.04 |
| − Vacancy | −$9.9k | −$0.99 |
| EGI | $160.5k | $16.05 |
| − OpEx | −$48.2k | −$4.82 |
| NOI | $112.4k | $11.24 |
9,999 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.72M
$2.38M – $3.17M
NOI $190,493 @ 7.0% cap · market cap 14.65%
Second Best
Apartment 5plus
$2.42M
$2.12M – $2.83M
NOI $169,629 @ 7.0% cap · market cap 13.05%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,251 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 3,500 sq ft warehouse/storefront with two renovated apartments.
Where is this mixed-use property located?
The property is located at 113 Elizabeth Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Vacant: Immediate flexibility for owner‑user or investor; **3,500 sq ft warehouse/storefront with versatile use potential** (retail, light industrial, distribution, contractor); Two fully renovated 2‑bedroom residential apartments
