1127-1129 Elizabeth Avenue 1129 Elizabeth Ave 6,369 SF 100% Leased Retail Building Elizabeth, NJ 07201 $1,700,000 ($266.92/SF) 7.42% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a mixed-use investment property located at 1127-1129 Elizabeth Avenue in Elizabeth, New Jersey (“the Property”). The Property consists of a two-story building containing a total of four (4) units comprised of two (2) commercial units and two (2) residential units in a 6,369 square foot building on a 0.18-acre parcel of land. The Property offers gated and secure parking behind the building.
The Property is centrally located along Elizabeth Avenue in the heart of Elizabeth’s downtown. Positioned between US Route 9 and Broad Street, two of the area’s primary commercial and commuter corridors, the site benefits from convenient access to major highways, public transportation, schools, and key employment centers. The Property is surrounded by a mix of grocers, national and local retailers, and restaurants, and is located near major regional anchors including Trinitas Regional Medical Center, Elizabeth Train Station with service to Penn Station, Newark Liberty International Airport, Kean University, and The Mills at Jersey Gardens, the state’s largest outlet shopping destination. The location also offers convenient access to Staten Island and Newark’s downtown, further enhancing its regional connectivity and accessibility.
Elizabeth, the fourth largest city in New Jersey, is a suburb of New York City, located in Union County. The city is 15-miles southwest of New York City.