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1166-1168 E Jersey St 8,880 SF 50% Leased Retail Building Elizabeth, NJ 07201 $1,500,000 ($168.92/SF)
INVESTMENT HIGHLIGHTS
- Opportunity Zone
- Redevelopment Zone
- Heavy Traffic
EXECUTIVE SUMMARY
Prime investment opportunity! This 4-unit mixed-use building features two spacious 4-bedroom apartments and two established bakeries on the ground floor. Located in a designated Opportunity Zone, this property offers strong rental income potential, tax advantages, and long-term growth in a thriving area.
Bakery 1: Lease until 2032
Bakery2: Lease Unit 2027
Bakery 1: Lease until 2032
Bakery2: Lease Unit 2027
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,880 SF
Building Class
B
Year Built
1900
Price
$1,500,000
Price Per SF
$168.92
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.63
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
commercial C-5
Frontage
AMENITIES
- Signage
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00009-0000-00447 | Improvements Assessment | $1,352,400 |
| Land Assessment | $254,800 | Total Assessment | $1,607,200 |
PROPERTY TAXES
Parcel Number
04-00009-0000-00447
Land Assessment
$254,800
Improvements Assessment
$1,352,400
Total Assessment
$1,607,200
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1166-1168 E Jersey St
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