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620-622 Elizabeth Ave 11,608 SF 100% Leased Retail Building Elizabeth, NJ 07206 $3,225,000 ($277.83/SF)
EXECUTIVE SUMMARY
Two retail spaces (currently leased as one unit) plus seven apartments: 3 one-bedroom and 4 two-bedroom units. Six apartments feature balconies; the first-floor unit does not. Central air in every unit, separately metered utilities, individual water/sewer, and a full basement with utility room. Owner financing available. Don’t miss this opportunity!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,608 SF
Building Class
B
Year Built
1900
Price
$3,225,000
Price Per SF
$277.83
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.32
Lot Size
0.11 AC
Zoning
comm - commercial
Parking
6 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
46’ on Elizabeth Ave
AMENITIES
- Air Conditioning
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00007-0000-00388 | Improvements Assessment | $2,411,700 |
| Land Assessment | $350,000 | Total Assessment | $2,761,700 |
PROPERTY TAXES
Parcel Number
04-00007-0000-00388
Land Assessment
$350,000
Improvements Assessment
$2,411,700
Total Assessment
$2,761,700
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Presented by
Boraie Realty
620-622 Elizabeth Ave
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