Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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