827 Elizabeth Ave - Storefront Retail/Residential FOR SALE


Elizabeth, NJ 07201
$989,000 USD
201-355-3103
827 Elizabeth Ave, Elizabeth, NJ for Sale
$989,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | 6.85% Cap Rate

827 Elizabeth Ave
Elizabeth, NJ 07201


HIGHLIGHTS

  • High Visibility / Traffic / Foot Traffic
  • Retail Business District
  • Retail / Residential Mixed Use

OVERVIEW

Fully leased short-term with below market tenants, this mixed-use property is located in the Union Square business district and offers investors a significant upside opportunity. Situated on a 25x100 lot, this mixed-use building consists of a retail unit with basement and two apartments. Built in 1900, the property has the classic architectural features of the era with brick facade, bow windows and decorate moldings. The retail unit is currently leased as a convenience store. The two residential apartments are of a similar layout with kitchen, dining room, living room, 4 bedrooms and 1 bathroom. All units are separately metered for electricity and gas. Water heaters are of newer vintage and the roof was updated approximately 10 years ago.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C-2

APN/PARCEL ID

04-00007-0000-00351

ASK ABOUT THIS PROPERTY

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201-355-3103

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201-355-3103

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