Property profile

264-268 Nth Broad St Elizabeth, NJ 07208

OFF-MARKET
Retail properties & Spaces
11,400 SF 0.17 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 11,400 square foot retail/office building is situated on a busy stretch of North Broad Street in Elizabeth, New Jersey's Town Center. The property boasts two floors, each approximately 5,700 square feet. The first floor features a newly renovated open space, perfect for an owner-occupier or tenant, complete with two private offices and two new bathrooms. The second floor is also renovated (2015) and currently leased for $4,841 per month plus utilities. A significant advantage is the private parking lot, spanning 44 x 90 feet on Morris Avenue, providing parking for 7-9 vehicles, plus additional spaces via a side driveway. Building amenities include two gas heating units, three central air conditioning units, security cameras, and a new roof installed in 2018. The building's prime location is just half a block from the train station, ensuring high visibility and accessibility. The owner is open to leasing the first floor for $9,500 per month ($20.00 per square foot) plus utilities. The 0.17-acre lot and the building's strong features make this a compelling investment opportunity priced at $2,500,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 11,400 SF
Lot 0.17 ac (7,405 SF)

Cap rate & NOI

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

Location

264-268 Nth Broad St Elizabeth, NJ 07208
Elizabeth metro
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 264-268 Nth Broad St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message