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Property profile & analytics
OFF-MARKET
Specialty properties

131 Court St Elizabeth, NJ 07206-1851

0.12 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Lot 0.12 ac (5,227 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Puerto Rican Culture Heritage Cultural Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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