60-62 4th St 62 Elizabeth, NJ 07206

This exceptional mixed-use property, located at 60-62 4th Street in Elizabeth, New Jersey, presents a lucrative investment opportunity. Situated on a 5,000 square foot lot (50ft x 100ft), this two-story, 1910-built building boasts a prime corner location at the intersection of Franklin Street and 4th Street, offering excellent visibility and accessibility. Currently generating an estimated $9,100 in monthly income, the property comprises a ground floor nail salon ($2,800/month), a juice bar ($1,600/month), and a warehouse ($1,700/month). The second floor features two apartments, collectively generating $3,000/month in rental income. The nail salon features central air conditioning, while the apartments have window units. Convenient street parking is readily available. The property is offered at $888,000. Annual property taxes are $15,300. This is a motivated seller situation, making this a compelling investment opportunity in a thriving New Jersey location. The property is zoned for commercial use. The building's age and the current income stream suggest a strong potential for future appreciation and return on investment. Serious inquiries are encouraged.