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62 4th St 5,500 SF 100% Leased Retail Building Elizabeth, NJ 07206 $789,000 ($143.45/SF) 11% Cap Rate
Investment Highlights
- High visibility
- Great location with large lot.
- Corner lot
Executive Summary
?? VALUE-ADD MIXED-USE CORNER PROPERTY | MOTIVATED SELLER ??
Excellent corner mixed-use investment located at the high-visibility intersection of Franklin St & 4th St. Strong in-place income with upside potential.
INCOME BREAKDOWN
First Floor – Commercial
• Nail Salon: $2,800/mo (central AC – long-term use)
• Juice Bar: $1,500/mo (currently vacant – immediate upside)
• Warehouse: $1,500/mo (currently rented)
Second Floor – Residential
• 2 Apartments: $3,000/mo total (window AC)
CURRENT INCOME: $7,300/month
PROJECTED INCOME: $8,500/month+ after leasing vacancy
ADDITIONAL VALUE
• Large attic with good ceiling height – potential for additional unit(s) or expansion (buyer to verify)
• Corner lot with excellent exposure
• Lot size: 50 x 100
• Annual property tax: approx. $24,000 after tax reduce become $15000
• Easy street parking
• Ideal for investors or owner-users
SELLER IS HIGHLY MOTIVATED – PRICED TO MOVE
Perfect for investors seeking stable cash flow + value-add opportunity.
Let me know if you’d like financials, photos, or a private showing.
Excellent corner mixed-use investment located at the high-visibility intersection of Franklin St & 4th St. Strong in-place income with upside potential.
INCOME BREAKDOWN
First Floor – Commercial
• Nail Salon: $2,800/mo (central AC – long-term use)
• Juice Bar: $1,500/mo (currently vacant – immediate upside)
• Warehouse: $1,500/mo (currently rented)
Second Floor – Residential
• 2 Apartments: $3,000/mo total (window AC)
CURRENT INCOME: $7,300/month
PROJECTED INCOME: $8,500/month+ after leasing vacancy
ADDITIONAL VALUE
• Large attic with good ceiling height – potential for additional unit(s) or expansion (buyer to verify)
• Corner lot with excellent exposure
• Lot size: 50 x 100
• Annual property tax: approx. $24,000 after tax reduce become $15000
• Easy street parking
• Ideal for investors or owner-users
SELLER IS HIGHLY MOTIVATED – PRICED TO MOVE
Perfect for investors seeking stable cash flow + value-add opportunity.
Let me know if you’d like financials, photos, or a private showing.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,500 SF
Building Class
C
Year Built
1910
Price
$789,000
Price Per SF
$143.45
Cap Rate
11%
NOI
$86,790
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.11 AC
Zoning
C1 - Neighborhood Commercial
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Storage Space
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00003-0000-00376 | Improvements Assessment | $1,173,700 |
| Land Assessment | $180,000 | Total Assessment | $1,353,700 |
Property Taxes
Parcel Number
04-00003-0000-00376
Land Assessment
$180,000
Improvements Assessment
$1,173,700
Total Assessment
$1,353,700
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