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Off Market
1/17

1184 Elizabeth Ave
Elizabeth, NJ 07201


HIGHLIGHTS


OVERVIEW

Prime location right across from the Courthouse on the corner of S. Broad Street and Elizabeth Avenue. Great investment opportunity. Tenants pay own utilities. Office pays for 30% of taxes. Restaurant pays for water and sewer. Owner pays only for insurance and remainder of taxes. Office has 5 years left on the lease (with 5% increase per year). Rent for restaurant with use of basement. Property has a 6.1% Cap Rate. The property is also known as 2 S. Broad Street, Elizabeth. See attached income and expense sheet.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

3300

STORIES

2

YEAR BUILT

1960

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

04-00009-0000-00584