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Property profile & analytics

131 Court St Elizabethport, NJ 07206

  • Commercial real estate
  • 10,000 SF
  • 0.12 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Puerto Rican Culture Heritage / Cultural Center

Property Details for 131 Court St

Year built
1913
Lot size
0.12 lot acres
Property size
10,000 SF
Property type
Commercial real estate

Description

This unique 10,000 square foot property, situated on a 0.12-acre lot at 131 Court Street in Elizabethport, New Jersey, presents a compelling investment opportunity. Currently zoned for use as a house of worship or hall, the building is a shell requiring complete rehabilitation. This presents significant upside for investors seeking a project with substantial potential for value appreciation. The property's prime location in the heart of Elizabeth offers excellent accessibility and proximity to various amenities. With the necessary variance approvals, the property could be successfully redeveloped into multifamily rental units or condominiums, catering to the growing demand for housing in the area. The existing structure offers a blank canvas for a creative and profitable redevelopment project. The sale is strictly as-is, allowing for flexibility in the renovation process and maximizing potential returns. This is an exceptional chance to acquire a large-scale property in a desirable location, ripe for transformation into a lucrative investment. The substantial square footage and central location make this an attractive proposition for developers and investors seeking a high-impact project. The 0.12-acre lot provides ample space for future development and expansion, further enhancing the property's long-term value. Serious inquiries are encouraged to explore the possibilities of this exciting investment opportunity. The property is being sold in its current "as-is" condition.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Elizabethport
County
Union
State
New Jersey
Longitude
-74.1853
Latitude
40.6509
More about this property
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