Versatile Mixed-Use Building For
19 E Elizabeth Ave, Linden, NJ 07036
Multi-use building with retail, office, and warehouse space.
Type:Industrial, Office, Retail
Property size:
14,200 SFPrice / SF:
$176/SF- Added:
- Nov 11, 2024
- Days on Market:
- 604
- Last Refresh:
- Jul 5 at 1:00 am
Property Features for 19 E Elizabeth Ave
General Information
- Standard status
- Active
- Size
- 14,200 SF
- Property subtype
- Industrial, Office, Retail
Listing office Brunette Realty
Listing date Nov 11, 2024
Source Crexi
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 Brunette Realty
HighLights
- Over $200,000 in recent upgrades, including 2 brand new package units on the roof and a new HVAC system.
- Prime commercial location near Wood Avenue with easy access to Routes 1 & 9 and the New Jersey Turnpike (Route 95).
- Versatile 14,200 sq. ft. multi‑use building suitable for retail, office, warehouse, or food processing.
- Includes 2,000 sq. ft. of retail space and 2,000 sq. ft. of Class A office space.
- Delivered vacant for immediate occupancy or tenant customization.
- Features a drive‑in door and freight elevator for easy loading and transport.
Overview
This versatile, multi-use building offers an opportunity for commercial, retail, or office uses. The property is located a few hundred feet from Wood Avenue, with access to Routes 1 & 9 and the New Jersey Turnpike (Route 95). The building has over 14,200 sq. ft. of total space, including a 2,000 sq. ft. retail store on the first floor and 2,000 sq. ft. of Class A office space on the second floor, plus warehouse space. The building will be delivered vacant. The first floor retail space is approximately 2,000 sq. ft. with open floor plans. The second floor office space is approximately 2,000 sq. ft. with flexible layouts, two private offices, a conference room, a full kitchen, and a full bathroom. The remaining space on the ground floor is dedicated to warehouse or processing use. There is a drive-in door for loading and unloading, and a freight elevator for transporting goods between floors. The property includes two handicap-accessible bathrooms. The location is less than 1 mile to Routes 1 & 9 and less than 3 miles to Route 95. The building is well-maintained and suitable for food processing, office, retail, or light industrial use. Two brand new package units on the roof, plus brand new HVAC put in for the office and retail space.
Local Financial Insights For Office B
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 | $426.0k | $30.00 |
| − Vacancy | −$136.3k | −$9.60 |
| EGI | $289.7k | $20.40 |
| − OpEx | −$72.4k | −$5.10 |
| NOI | $217.3k | $15.30 |
14,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.10M
$2.72M – $3.62M
NOI $217,260 @ 7.0% cap · market cap 8.69%
Second Best
Retail
$2.90M
$2.53M – $3.38M
NOI $202,681 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$3.71M
$3.24M – $4.33M
NOI $259,553 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Linden
- County
- Union
- State
- New Jersey
- Longitude
- -74.2527742
- Latitude
- 40.6300857
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Multi-use building with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 19 E Elizabeth Ave Linden, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Over $200,000 in recent upgrades, including 2 brand new package units on the roof and a new HVAC system.; Prime commercial location near Wood Avenue with easy access to Routes 1 & 9 and the New Jersey Turnpike (Route 95).; Versatile 14,200 sq. ft. multi‑use building suitable for retail, office, warehouse, or food processing.
