1150 E Jersey St - Storefront FOR SALE


Elizabeth, NJ 07201- Downtown Elizabeth
$2,950,000 USD
732-742-4642
1150 E Jersey St, Elizabeth, NJ for Sale
$2,950,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

1150 E Jersey St
Elizabeth, NJ 07201
Downtown Elizabeth


HIGHLIGHTS

  • Beautiful vintage 1930s interior and facade
  • High ceilings
  • Visible location adjacent to performing arts center in the heart of a vibrant business district
  • 3 blocks to train

OVERVIEW

Exceptional vintage building in vibrant business district. Elizabeth is the county seat for Union County with the property just 2 blocks from the courthouse. The building has been a renowned piano house since 1930 and still retains it's original deco interior right down to the lighting fixtures, marble staircase with wrought iron railing and more. Exterior similarly looks very much as when it opened over 90 years ago. Besides the two main floors each approximately 5,000SF, there is also a full basement of similar size with all 3 floors connected by a freight elevator which could potentially be converted to passenger use. The building would make an incredible restaurant or other retail establishment. An additional lot in rear is also included. With it's close proximity to the 2700 seat Ritz Theatre performing arts center next door, and 3 blocks to the trains, the possibilities are endless.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Altenburg Piano House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-5 commercial

APN/PARCEL ID

04-00009-0000-00441

ASK ABOUT THIS PROPERTY

Allen RosenbergColdwell Banker Commercial RealtyMore Info
732-742-4642

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Allen RosenbergColdwell Banker Commercial RealtyMore Info
732-742-4642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.