62 4th St - Storefront Retail/Residential FOR SALE


Elizabeth, NJ 07206
$789,000 USD
646-683-7148
62 4th St, Elizabeth, NJ for Sale
$789,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | 11% Cap Rate

62 4th St
Elizabeth, NJ 07206


HIGHLIGHTS

  • High visibility
  • Corner lot
  • Great location with large lot.

OVERVIEW

?? VALUE-ADD MIXED-USE CORNER PROPERTY | MOTIVATED SELLER ?? Excellent corner mixed-use investment located at the high-visibility intersection of Franklin St & 4th St. Strong in-place income with upside potential. INCOME BREAKDOWN First Floor – Commercial • Nail Salon: $2,800/mo (central AC – long-term use) • Juice Bar: $1,500/mo (currently vacant – immediate upside) • Warehouse: $1,500/mo (currently rented) Second Floor – Residential • 2 Apartments: $3,000/mo total (window AC) CURRENT INCOME: $7,300/month PROJECTED INCOME: $8,500/month+ after leasing vacancy ADDITIONAL VALUE • Large attic with good ceiling height – potential for additional unit(s) or expansion (buyer to verify) • Corner lot with excellent exposure • Lot size: 50 x 100 • Annual property tax: approx. $24,000 after tax reduce become $15000 • Easy street parking • Ideal for investors or owner-users SELLER IS HIGHLY MOTIVATED – PRICED TO MOVE Perfect for investors seeking stable cash flow + value-add opportunity. Let me know if you’d like financials, photos, or a private showing.

FOR SALE DETAILS

PRICE

$789,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C1

APN/PARCEL ID

04-00003-0000-00376

ASK ABOUT THIS PROPERTY

li(Ryan) WangRealty Mark CentralMore Info
646-683-7148

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li(Ryan) WangRealty Mark CentralMore Info
646-683-7148

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