131 Court St Elizabeth, NJ 07206-1851
This exceptional 0.12-acre commercial lot, situated at 131 Court Street in Elizabeth, New Jersey, presents a compelling investment opportunity. Currently configured as a vacant commercial building, previously used as a house of prayer, the property offers significant redevelopment potential. The existing structure is a shell, providing a clean slate for adaptive reuse. Located in Union County, within the vibrant city of Elizabeth, NJ, zip code 07206-1851, this property benefits from a strategic location. Its proximity to various amenities and transportation options enhances its appeal. The site's zoning and potential uses should be independently verified. Given the current housing demand in Elizabeth, this property is ideally suited for conversion into multifamily dwellings, such as apartments or condominiums, or other commercial ventures. The asking price is $599,000. GPS coordinates are available for precise location identification. This is a rare chance to acquire a well-positioned commercial property in a thriving New Jersey market. Serious inquiries are encouraged to explore the possibilities this unique offering presents. The property is sold as-is.
-
Puerto Rican Culture Heritage Cultural Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.