Mixed-Use Building with Garage
For Sale
$1,199,000
459 FULTON ST Unit 1, Elizabeth, NJ 07206
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 Market74
Property Features for 459 FULTON ST Unit 1
General Information
Standard status
Active
Size
7,500 SF
Property subtype
General Commercial
Additional Details
Clear Height
14 ft
Multifamily Units
3
Building Details
Stories
3
Listing Agency:
SERHANT NEW JERSEY LLC
(973) 207-4885
Listed By:
MASSIMO CHIRICHIELLO
(973) 207-4885
Source:
Xome
Added: May 18
Changed: Jul 10
Last Checked: Jul 16 at 6:02AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
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
Market
Properties on Market for Mixed-use properties in Elizabeth
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
