264-268 Broad St 268 Elizabeth, NJ 07208

This exceptional commercial property, located at 264-268 N Broad St in Elizabeth, NJ, offers 11,400 square feet of versatile retail and office space. Situated on a 0.17-acre lot encompassing two parcels, the building features a substantial 5,700 square feet per floor. The second floor is currently leased, generating a monthly income of $4,841 plus utilities. The first floor boasts a newly renovated, expansive open area, perfect for an owner-occupier or tenant, complemented by two private offices and two updated bathrooms. A significant advantage is the inclusion of a private 44 x 90 sq ft parking lot on Morris Avenue, accommodating 7-9 vehicles, plus additional parking on a side driveway (4-5 cars). The building is equipped with two gas heating units, three central air conditioning units, and a security camera system. Recent improvements include a new roof (2018) and a second-floor renovation (2015). The property's prime location is just half a block from the train station, ensuring excellent accessibility. The asking price is $2,390,000. Alternatively, the owner will consider leasing the first floor for $9,500 per month ($20.00 per square foot) plus utilities. This is a truly remarkable opportunity in the heart of Elizabeth Town Center.