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    1148 E Grand St Elizabeth, NJ 07201

    For Sale
    $659,000

    Mixed-use property with residential and commercial units near transportation.

    Lot size:
    0.09 Acres

    Property Features for 1148 E Grand St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    9999

    Source: BREWSTER REALTY Agent JUAN C. GUZMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Near Transit

    This mixed-use property presents an investment opportunity with income potential from residential and commercial tenants. The building includes a 2-bedroom apartment and a 1-bedroom apartment, alongside a commercial storefront suitable for retail or office use, which is currently rented and features a storefront. The property is located minutes from the NJ Turnpike, Routes 1 & 9, and the Garden State Parkway. The Elizabeth Train Station (North East Corridor line to NYC Penn Station) is located nearby. The location offers high visibility and strong foot traffic, surrounded by shops, restaurants, and residential neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -74.212988
    Latitude
    40.666327

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial units near transportation.
    Where is this mixed-use property located?
    The property is located at 1148 E Grand St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: - Strong income potential from mixed-use property (residential and commercial).; - Prime location with **high visibility and strong foot traffic.**; - Convenient access to NJ Turnpike, Routes 1 & 9, and Garden State Parkway.
    (908) 820-8888
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    1148 E Grand 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
    1148 E Grand St Elizabeth, NJ 07201
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