612 S Broad St - Storefront Retail/Residential FOR SALE


Elizabeth, NJ 07202
$799,900 USD
908-322-4434
612 S Broad St, Elizabeth, NJ for Sale
$799,900 USD
Storefront Retail/Residential - FOR SALE
1/35
null | Request Cap Rate

612 S Broad St
Elizabeth, NJ 07202


HIGHLIGHTS

  • Fully leased mixed-use property with retail and residential income streams.
  • Reported monthly income of $7,325 with tenants covering most utilities.
  • Deep 200-foot lot providing potential for future redevelopment.
  • Located in a dense business district with strong rental demand.
  • Updated windows and overall well-maintained building condition.

OVERVIEW

Excellent investment opportunity. Established store (Smoke Shop rent is $2500), established tenant with existing lease. First floor apartment rented @ $1950 per month, second floor is one large unit - rent is $2525. The rents are apparently lower than market value. The garage is being rented for $350 month. Total monthly income is $7,325. Tenants pay all utilities except for water, sewer insurance and maintenance. Building is in very nice condition over all. There is an unfinished basement. Updated windows. Very large deep lot 200 feet.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$288 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

mixeduse

APN/PARCEL ID

04-00004-0000-01340

ASK ABOUT THIS PROPERTY

Paul LamastraERA Suburb Realty AgencyMore Info
908-322-4434

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Paul LamastraERA Suburb Realty AgencyMore Info
908-322-4434

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