Mixed-Use Property with Warehouse
For Sale
$1,199,000
459 Fulton St #1, Elizabeth, NJ 07206
Commercial zoning and a ground-floor business area accommodate retail, showroom, storage, or light industrial functions.
Property Size2,500 SF
Price / SF$479.60
Days on Market137
Property Features for 459 Fulton St #1
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
Commercial
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
2,500 SF
Building Details
Building Size
2,500 SF
Buildings
1
Stories
4
Units
4
Listing Agency:
Serhant New Jersey LLC
(973) 315-5959
Listed By:
Massimo Chirichiello
(973) 921-1111
Source:
Cammarotarealestate
Added: Jun 9
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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 Serhant New Jersey LLC
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Investment Insights
Based on property information with market context.
This three-level mixed-use building combines 2,500 square feet of ground-floor commercial space with three residences above. The commercial area has 14-foot ceilings, rolling garage doors, a half bath, and a private office. Its layout can serve retail, light industrial, showroom, or storage purposes. Commercial zoning applies to the property.
The upper floors contain two one-bedroom apartments and a two-story residence with six bedrooms, two bathrooms, an eat-in kitchen, and two living rooms. Central air conditioning and in-unit laundry are provided in all three residential units. There are no leases in place; occupants are month-to-month.
The upper floors contain two one-bedroom apartments and a two-story residence with six bedrooms, two bathrooms, an eat-in kitchen, and two living rooms. Central air conditioning and in-unit laundry are provided in all three residential units. There are no leases in place; occupants are month-to-month.
Key Highlights
- 2,500 SF of ground‑floor commercial/warehouse space
- 14‑foot ceilings, rolling garage doors, a half bath, and a private office
- Three residential units: two 1‑bedroom apartments and one 6‑bedroom, 2‑bath residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,628
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,560
$952.6K
Cap Rate 7%
$680,400
$680.4K
Cap Rate 9%
$529,200
$529.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$72.0K $28.80/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$68.0K $27.22/SF
− OpEx
−$20.4K −$8.16/SF
NOI
$47.6K $19.05/SF
Area
Elizabeth, NJ
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,560
Cap Rate 7%
$680,400
Cap Rate 9%
$529,200
Alternative Uses
Best Use
Multifamily LT 5
$680.4K
$595.4K – $793.8K
NOI $47,628 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$926.0K
$810.2K – $1.08M
NOI $64,819 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and a ground-floor business area accommodate retail, showroom, storage, or light industrial functions.
Where is this mixed-use property located?
The property is located at 459 Fulton St #1 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,500 SF of ground‑floor commercial/warehouse space; 14‑foot ceilings, rolling garage doors, a half bath, and a private office; Three residential units: two 1‑bedroom apartments and one 6‑bedroom, 2‑bath residence
