60 4Th St Elizabethport, NJ 07206
- Commercial real estate
- 5,000 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 60 4Th St
- Year built
- 1910
- Lot size
- 0.11 lot acres
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, located at 60 4th Street, Unit 4TH, Elizabethport, NJ, presents a lucrative investment opportunity. Situated on a 0.11-acre lot (50 x 100 feet), this 5,000 square foot building boasts a prime corner location at the intersection of Franklin and 4th Streets, ensuring high visibility and accessibility. The property currently generates an estimated $9,100 in monthly income, derived from a diverse range of tenants. The first floor comprises a thriving nail salon ($2,800/month), a juice bar ($1,600/month), and a warehouse space ($1,700/month). The second floor features two apartments, collectively contributing $3,000 per month to the rental income. The nail salon is equipped with central air conditioning, while the apartments utilize window units. Convenient street parking is readily available for tenants and patrons. The property's annual tax assessment is $15,300. The seller is highly motivated to sell, making this an attractive proposition for discerning investors seeking a strong return on investment in a desirable location. This is a rare opportunity to acquire a well-established, income-generating property with significant upside potential.
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
- Elizabethport
- County
- Union
- State
- New Jersey
- Longitude
- -74.1947
- Latitude
- 40.6532
