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433 Elizabeth Ave 5,858 SF Retail Building Elizabeth, NJ 07206 $925,000 ($157.90/SF)
Investment Highlights
- 3-Unit Mix
- Central HVAC In Each Unit
- New Plumbing, New Electrical, New Roof New Windows, New Central Air Systems, New Water Heaters.
- Close Proximity To: U.S. Route 1/9, New Jersey Turnpike (I-95), Exit 13a, Interstate 278 / Goethals Bridge
- Renovated Apartments
- Building Completely Remodeled in 2019.
Executive Summary
Exceptional 3-unit mixed use building on Elizabeth Ave that was extensively renovated in 2019. It offers great value-add potential solely by reworking the MTM leases or re-leasing. Inquire for additional details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,858 SF
Building Class
C
Year Built
2019
Price
$925,000
Price Per SF
$157.90
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.24
Lot Size
0.06 AC
Zoning
R-3A
Frontage
39’ on Elizabeth Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Avenuelaunder Center/ Kimberly Laundromat
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Avenuelaunder Center/ Kimberly Laundromat | - | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00005-0000-00283 | Improvements Assessment | $813,600 |
| Land Assessment | $142,500 | Total Assessment | $956,100 |
Property Taxes
Parcel Number
04-00005-0000-00283
Land Assessment
$142,500
Improvements Assessment
$813,600
Total Assessment
$956,100
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433 Elizabeth Ave