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1184 Elizabeth Ave
Elizabeth, NJ 07201
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,300 SF
Year Built
1960
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.53
Lot Size
0.03 AC
Zoning
commercial
Frontage
Amenities
- Bus Line
- Commuter Rail
- Air Conditioning
About 1184 ELIZABETH AVE , ELIZABETH, NJ 07201
Prime location right across from the Courthouse on the corner of S. Broad Street and Elizabeth Avenue. Great investment opportunity. Tenants pay own utilities. Office pays for 30% of taxes. Restaurant pays for water and sewer. Owner pays only for insurance and remainder of taxes. Office has 5 years left on the lease (with 5% increase per year). Rent for restaurant with use of basement. Property has a 6.1% Cap Rate. The property is also known as 2 S. Broad Street, Elizabeth. See attached income and expense sheet.
Property Taxes
| Parcel Number | 04-00009-0000-00584 | Improvements Assessment | $603,300 |
| Land Assessment | $156,000 | Total Assessment | $759,300 |
Property Taxes
Parcel Number
04-00009-0000-00584
Land Assessment
$156,000
Improvements Assessment
$603,300
Total Assessment
$759,300
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