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    60-62 4Th St Elizabeth, NJ 07206

    Sponsored
    For Sale
    $888,000

    High-Income Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 60-62 4th Street in Elizabeth, New Jersey, presents a lucrative investment opportunity. Situated on a 5,000 square foot lot (50ft x 100ft), this two-story, 1910-built building boasts a prime corner location at the intersection of Franklin Street and 4th Street, offering excellent visibility and accessibility. Currently generating an estimated $9,100 in monthly income, the property comprises a ground floor nail salon ($2,800/month), a juice bar ($1,600/month), and a warehouse ($1,700/month). The second floor features two apartments, collectively generating $3,000/month in rental income. The nail salon features central air conditioning, while the apartments have window units. Convenient street parking is readily available. The property is offered at $888,000. Annual property taxes are $15,300. This is a motivated seller situation, making this a compelling investment opportunity in a thriving New Jersey location. The property is zoned for commercial use. The building's age and the current income stream suggest a strong potential for future appreciation and return on investment. Serious inquiries are encouraged.

    Property Features for 60-62 4Th St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • $888,000 asking price.
    • Land and retail property in Elizabeth, NJ.
    • 0.114‑acre lot, 50 x 100 feet.
    • Two‑story building, built in 1910.
    • Mixed‑use property with salon, juice bar, warehouse, and two apartments.
    • Estimated $9,100 monthly income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.194721
    Latitude
    40.653284

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    FAQs

    What type of property is this?
    Retail property - High-Income Potential, Prime Location
    Where is this retail property located?
    The property is located at 60-62 4Th St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $888,000.
    What are key features of this property?
    This property features: $888,000 asking price.; Land and retail property in Elizabeth, NJ.; 0.114-acre lot, 50 x 100 feet.
    Request Owner's contact information
    60-62 4Th 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
    60-62 4Th St Elizabeth, NJ 07206
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