231 Broad St - Office FOR SALE


Elizabeth, NJ 07201- Downtown Elizabeth
$1,900,000 USD
908-587-5222
231 Broad St, Elizabeth, NJ for Sale
$1,900,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

231 Broad St
Elizabeth, NJ 07201
Downtown Elizabeth


HIGHLIGHTS

  • Heavy Traffic
  • Public Transportation
  • Opportunity Zone

OVERVIEW

Prime mixed-use property featuring two buildings front building 4 stories, rear building 3 stories ideally located across from NJ Transit train station with a NYC bus stop at the doorstep and minutes from major highways. Includes freight elevator, two AC units, and municipal parking lot in the rear. The 1st-floor retail unit is leased at $2,600/month, and the rear building is used as a driving school at $2,200/month; other units are vacant. The roof is 3 years old, plumbing is all PEX, the electric system was updated in 2015, and the gas heat is 10 years old. Ideal for professional, commercial, retail, storage, and many other uses.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-5

APN/PARCEL ID

04-00009-0000-00090

ASK ABOUT THIS PROPERTY

Rodolfo MirandaCentury 21 Alliance RealtyMore Info
908-587-5222

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

Rodolfo MirandaCentury 21 Alliance RealtyMore Info
908-587-5222

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