4Th St Elizabeth, NJ 07206

Property Details for 4Th St

Year built

1910

Lot size

0.11 lot acres

Property type

Commercial real estate

Description

This exceptional mixed-use property, situated on a prominent corner lot at the intersection of Franklin and 4th Street in Elizabeth, NJ, presents a lucrative investment opportunity. The 0.11-acre lot (50 x 100 feet) houses a thriving commercial space currently generating substantial rental income. The first floor comprises a nail salon generating $2800 monthly, a juice bar contributing $1600 monthly, and a warehouse space adding another $1700 monthly. The second floor features two apartments, collectively producing $3000 in monthly rent, for an estimated total monthly income of $9100. The nail salon is equipped with central air conditioning, while the apartments feature window units. Convenient street parking is readily available. The property is offered at $888,000, with annual property taxes amounting to $15,300. This is a turnkey operation with established tenants and strong cash flow, making it an ideal investment for a savvy buyer. The seller is highly motivated. This prime Elizabeth location offers excellent visibility and accessibility, ensuring continued success for future owners. The diverse mix of commercial and residential tenants provides a stable and diversified income stream. Don't miss this chance to acquire a high-yield property in a desirable New Jersey market.

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Longitude

-74.1936

Latitude

40.6536