Property profile

1201 Grand St Elizabeth, NJ 07201

OFF-MARKET
Retail properties & Spaces
5,000 SF 0.45 ac lot
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Property summary

AI-generated overview

This exceptional two-story building, totaling 5,000 square feet, presents a unique investment opportunity in the heart of Elizabeth, New Jersey. The property boasts approximately 2,500 square feet of retail space on the ground floor, ideal for a variety of businesses, and an additional 2,500 square feet of executive office space on the second floor, offering a flexible and versatile layout. Located on 0.45 acres at 1201 E Grand St, 07201, this property benefits from a high-traffic location directly across from the Elizabeth Police Department and Elizabeth Municipal Court, ensuring excellent visibility and accessibility. Ample street parking is available along the front and side of the building, as well as on Commerce Boulevard and in a nearby city parking lot. Public transportation, including bus and train services, is within easy walking distance. The surrounding area is vibrant and features a mix of established businesses, including Popeyes, Wells Fargo, Subway, Dollar General, McDonald's, Bank of America, T-Mobile, and Shoppers World, creating a strong retail environment and a diverse customer base. This Net NNN lease property offers a compelling combination of retail and office space, making it an attractive investment for both owner-occupiers and investors seeking a strong return. The building is situated in Union County, offering easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-located, versatile commercial property in a high-demand area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,000 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Hair Salon Nail Salon

Location

1201 Grand St Elizabeth, NJ 07201
Elizabeth metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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