131 Court St Elizabethport, NJ 07206

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.