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1150 E Jersey St
Elizabeth, NJ 07201
Altenburg Piano House · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Beautiful vintage 1930s interior and facade
- Visible location adjacent to performing arts center in the heart of a vibrant business district
- High ceilings
- 3 blocks to train
EXECUTIVE SUMMARY
Exceptional vintage building in vibrant business district. Elizabeth is the county seat for Union County with the property just 2 blocks from the courthouse. The building has been a renowned piano house since 1930 and still retains it's original deco interior right down to the lighting fixtures, marble staircase with wrought iron railing and more. Exterior similarly looks very much as when it opened over 90 years ago. Besides the two main floors each approximately 5,000SF, there is also a full basement of similar size with all 3 floors connected by a freight elevator which could potentially be converted to passenger use. The building would make an incredible restaurant or other retail establishment. An additional lot in rear is also included. With it's close proximity to the 2700 seat Ritz Theatre performing arts center next door, and 3 blocks to the trains, the possibilities are endless.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,396 SF
Building Class
C
Year Built
1930
Price
$2,950,000
Price Per SF
$461.23
Tenancy
Single
Building Height
3 Stories
Building FAR
1.47
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C-5 commercial
AMENITIES
- Mezzanine
- Signage
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04-00009-0000-00441 | Improvements Assessment | $1,505,300 |
| Land Assessment | $272,300 | Total Assessment | $1,777,600 |
PROPERTY TAXES
Parcel Number
04-00009-0000-00441
Land Assessment
$272,300
Improvements Assessment
$1,505,300
Total Assessment
$1,777,600
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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