Mixed-Use Building with Garage
459 FULTON ST Unit 1 Elizabeth, NJ 07206
459 FULTON ST Unit 1, Elizabeth, NJ, 07206
$1,199,000
For Sale
$1,199,000
Ground-floor commercial/warehouse space with 14-foot ceilings and rolling doors, paired with three residential units.
Property Size7,500 SF
Price / SF$159.87
Days on Market60
Property Features for 459 FULTON ST Unit 1
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- General Commercial
Listing Agency
SERHANT NEW JERSEY LLC
(973) 207-4885
Listed by
MASSIMO CHIRICHIELLO
(973) 207-4885
Source
Xome
Added: May 18 Checked: Jul 16 at 6:02 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 SERHANT NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This mixed-use building includes a ground-floor commercial/warehouse space designed for flexibility, featuring 14' ceilings, rolling garage doors, a half bath, and a private office. The layout supports a range of uses such as retail, light industrial, showroom, or storage. The upper floors contain three residential units: two spacious one-bedroom apartments and one oversized two-story six-bedroom, two-bath unit with an eat-in kitchen and two living rooms. All units have central air and in-unit laundry.
The property is located at 459 Fulton St Unit 1 in Elizabeth City, NJ 07206. The ground-floor space benefits from strong street visibility, supporting customer-facing or service-oriented use and adding practicality for tenants and owners.
For an operator, this configuration offers a direct path to combine a usable street-level space with residential rental income. There are no leases in place; tenants are month-to-month, which can provide greater control for an owner-occupier planning to align the ground floor with their intended use, or for a buyer evaluating redevelopment. The building’s mix of flexible commercial space and larger residential unit design can also be attractive to buyers seeking a property that can serve multiple occupancy needs under one roof.
The property is located at 459 Fulton St Unit 1 in Elizabeth City, NJ 07206. The ground-floor space benefits from strong street visibility, supporting customer-facing or service-oriented use and adding practicality for tenants and owners.
For an operator, this configuration offers a direct path to combine a usable street-level space with residential rental income. There are no leases in place; tenants are month-to-month, which can provide greater control for an owner-occupier planning to align the ground floor with their intended use, or for a buyer evaluating redevelopment. The building’s mix of flexible commercial space and larger residential unit design can also be attractive to buyers seeking a property that can serve multiple occupancy needs under one roof.
Key Highlights
- Ground‑floor commercial/warehouse space offers 2,500 SF, 14' ceilings, rolling garage doors, plus 1/2 bath and private office
- Second and third floors include three residential units: two spacious 1‑bedroom apartments and one oversized 2‑story 6‑bedroom, 2‑bath unit
- All units feature central air and in‑unit laundry
Local Financial Insights For Retail
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 | $162.0k | $21.60 |
| − Vacancy | −$13.8k | −$1.84 |
| EGI | $148.2k | $19.76 |
| − OpEx | −$44.5k | −$5.93 |
| NOI | $103.8k | $13.83 |
7,500 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,235 @ 7.0% cap · market cap 10.61%
Second Best
Retail
$1.48M
$1.30M – $1.73M
NOI $103,761 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,458 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rich's Plumbing, Heating ...
Plumbing Service
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FAQs
What type of property is this?
Mixed-use property - Ground-floor commercial/warehouse space with 14-foot ceilings and rolling doors, paired with three residential units.
Where is this mixed-use property located?
The property is located at 459 FULTON ST Unit 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: Ground‑floor commercial/warehouse space offers 2,500 SF, 14' ceilings, rolling garage doors, plus 1/2 bath and private office; Second and third floors include three residential units: two spacious 1‑bedroom apartments and one oversized 2‑story 6‑bedroom, 2‑bath unit; All units feature central air and in‑unit laundry
