839 Elizabeth Ave - Storefront FOR SALE


Elizabeth, NJ 07201
$1,230,888 USD
954-881-9580
839 Elizabeth Ave, Elizabeth, NJ for Sale
$1,230,888 USD
Storefront - FOR SALE
1/37
null | Request Cap Rate

839 Elizabeth Ave
Elizabeth, NJ 07201


HIGHLIGHTS

  • 5,624 SF mixed-use property with ground-floor retail & two 3BR residential units
  • C-2 zoning + Opportunity Zone (Census Tract 316.02)
  • ±3,374 SF retail space with dedicated 7-space parking lot
  • 61 feet of frontage on highly trafficked Elizabeth Avenue corridor
  • Located in a dense pedestrian district – Walk Score 90 & Good Transit access
  • Minutes from Elizabeth NJ Transit Station & Newark Liberty International Airport

OVERVIEW

839 Elizabeth Ave presents a recently renovated (2023) mixed-use asset located in the heart of Elizabeth’s thriving retail corridor. This 5,624 SF masonry building features ±3,374 SF of retail space on the ground floor with 7 dedicated surface parking spaces, a rare amenity in this urban submarket. Above the retail space, the property includes two leased 3-bedroom, 1-bath residential units generating stable in-place income with immediate upside potential through lease renewals or repositioning. The property benefits from 61 feet of frontage on Elizabeth Avenue, heavy foot traffic, and close proximity to major transportation nodes, including the Elizabeth NJ Transit Station (1 mile) and Newark Liberty International Airport (11-minute drive).

FOR SALE DETAILS

PRICE

$1,230,888 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,624 SF

ZONING

C2

APN/PARCEL ID

04-00007-0000-00357

ASK ABOUT THIS PROPERTY

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