66-70 Broad St Elizabeth, NJ 07201
- Retail properties
- 28,854 SF
- 1.19 lot acres
Current Use by Public Records
- Retail properties
Property Details for 66-70 Broad St
- Lot size
- 1.19 lot acres
- Property size
- 28,854 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional commercial property, located at 66-70 Broad Street in Elizabeth, New Jersey, presents a rare investment opportunity. The 28,854 square foot, four-story building sits on a 1.19-acre lot and includes 67 parking spaces, accessible from both East Jersey Street and Caldwell Place. Its prime downtown location is just two blocks from the Elizabeth NJ Transit train station, offering excellent accessibility. Currently zoned C-5 Commercial, the property is deed-restricted for two years against any financial institution and is delivered vacant. The building features entrances from Broad Street and the rear parking lot. This location benefits from various incentives, including Transit Village, Urban Enterprise Zone (UEZ), New Market Tax Credits, and Neighborhood Revitalization programs, making it suitable for a range of uses including hotels, professional and business offices, and residential development (minimum 850 sq ft per unit). The asking price is $3,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.2154
- Latitude
- 40.6644
