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    216 S 1St St Elizabeth, NJ 07206

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    For Sale
    $4,899,000

    Exceptional commercial property with lake views, versatile and high-visibility.

    Property size:
    1,500 SF

    Property Features for 216 S 1St St

    General Information

    Standard status
    Active
    Size
    1,500 SF

    Source: RE/MAX FIRST REALTY II Agent SUSELLE SALERMO

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

    Overview

    Freestanding Commercial Property with Lake Views

    This freestanding commercial property offers potential with lake views. The property features 2 lavatories and ample interior space. Flexible zoning allows for a variety of uses. The standalone structure provides control over branding and layout, with generous parking and easy access for customers and staff. The property size is 1500 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -74.1941776
    Latitude
    40.6444532

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    FAQs

    What type of property is this?
    Commercial land - Exceptional commercial property with lake views, versatile and high-visibility.
    Where is this commercial land located?
    The property is located at 216 S 1St St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $4,899,000.
    What are key features of this property?
    This property features: - Breathtaking Lake/Water Views; - High-Visibility Location; - Freestanding Structure with Complete Control Over Branding and Layout
    Request Owner's contact information
    216 S 1St St Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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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
    216 S 1St St Elizabeth, NJ 07206
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