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- LoopNet Team
221-223 Broad St
Elizabeth, NJ 07201
APPROVED PLANS | 14 UNITS | M/U | 27K BSF · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Commuter Rail
- Basement
ABOUT 221-223 BROAD ST , ELIZABETH, NJ 07201
The Subject Property is centrally located on the prime retail corridor in Downtown Elizabeth, NJ. It is a 38.58 x 110 Ft. property with a total of 27,000 BSF, C-5 Zoning. Being delivered with approved plans, this property has substantial development potential. Plans are approved for Commercial Space on the First Floor and 12 Residential Units on the 4 Stories above, with a Projected Gross Income of $266,400!! Elizabeth is currently experiencing a tremendous growth with countless retail/commercial developments underway. It is located next to the Elizabeth Municipal Court, Ritz Theater & Performing Arts Center, as well as the Trinitas Regional Medical Center. With plans for a massive renovation project at the Elizabeth Train Station, this development site has solid enormous potential.
PROPERTY TAXES
| Parcel Number | 04-00009-0000-00087 | Improvements Assessment | $1,952,400 |
| Land Assessment | $171,100 | Total Assessment | $2,123,500 |
PROPERTY TAXES
