231 Broad St - Office/Residential FOR SALE


Elizabeth, NJ 07201- Downtown Elizabeth
$1,750,000 USD
908-414-6099
231 Broad St, Elizabeth, NJ for Sale
$1,750,000 USD
Office/Residential - FOR SALE
1/4
null | Request Cap Rate

231 Broad St
Elizabeth, NJ 07201
Downtown Elizabeth


HIGHLIGHTS

  • Located along Broad Street in Downtown Elizabeth, a well-established commercial corridor with consistent pedestrian and commuter activity.
  • Positioned directly across from NJ Transit service and near regional bus connections.
  • Mixed-use configuration provides flexibility for multiple tenant types and occupancy strategies.
  • Four-story front building and additional rear building create diverse operational and investment opportunities.
  • Opportunity Zone location may provide applicable tax benefits for qualifying investors.
  • Convenient access to major regional transportation routes, Newark Liberty International Airport, and the Port Newark-Elizabeth area.

OVERVIEW

231 Broad Street presents an opportunity to acquire a multi-tenant mixed-use asset in the heart of Downtown Elizabeth, one of Northern New Jersey's most established urban business districts. The property consists of a four-story front building and an additional rear building, creating multiple occupancy and income-generating configurations. Existing tenancy and mixed-use functionality provide investors with the ability to benefit from current occupancy while evaluating future leasing, repositioning, or value-add opportunities. The property's location along Broad Street places it within Elizabeth's primary commercial corridor, surrounded by retail, professional services, restaurants, government offices, and daily commuter activity. Direct access to NJ Transit rail service and bus routes enhances accessibility for tenants, employees, and visitors, while proximity to Routes 1 & 9, the New Jersey Turnpike, Newark Liberty International Airport, and the Port Newark-Elizabeth Marine Terminal strengthens regional connectivity. The combination of transit accessibility and established commercial activity supports long-term demand from a variety of business users. Additional features reported for the property include a freight elevator, multiple HVAC units, and access to nearby municipal parking. The asset is located within an Opportunity Zone, providing potential tax advantages for qualifying investors. With its downtown location, mixed-use character, and access to transportation infrastructure, 231 Broad Street offers investors exposure to one of Union County's most active urban markets.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

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

Luis FarinasFarinas Luis DMore Info
908-414-6099

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Luis FarinasFarinas Luis DMore Info
908-414-6099

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