233 2nd St - Storefront Retail/Residential FOR SALE
Elizabeth, NJ 07206 |
233 2nd St
Elizabeth, NJ 07206
HIGHLIGHTS
- Open House: 11:00 - 1:00 PM EST (Saturday 2/17/2024) - RSVP with Broker
- Classic, three-story mixed-use multifamily and retail asset positioned on a highly visible corner in the heart of Downtown Elizabeth, New Jersey.
- Fully leased, revenue-generating asset with value-add potential through under-market value rents in a market with increasing rental rates.
- Beneficially located in a densely occupied neighborhood with a growing population of more than 557,000 residents within a 5-mile radius.
- Located with premier accessibility, five minutes from the I-278 and I-95 interchange and 3 miles from the Newark Liberty International Airport (EWR).
- Excellently established in an Opportunity Zone, providing possible tax incentives to a new owner deploying capital in the area.
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 NAME
100% Leased Mixed-Use | Value-Add Potential
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
5173
STORIES
3
YEAR BUILT
1950
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
04-00001-0000-00715
