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645-649 Magnolia Ave 2,500 SF Retail Building Elizabeth, NJ 07206 $600,000 ($240/SF)
EXECUTIVE SUMMARY
Great opportunity to purchase this 3 unit mix use commercial building in an up and coming area .RESTAURANT WITH TWO APARTMENT. On the Trumbull St side of the building are two apartments which each have two bedrooms, all renovated in 2006. Building & Business Includes, all appliances, Fixtures, Furniture, and Refrigeration units. The restaurant seats 75 people. Property is being sold "as is"
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built
1890
Price
$600,000
Price Per SF
$240
Tenancy
Single
Building Height
1 Story
Building FAR
0.70
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
75’ on Trumbull St
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00007-0000-00792 | Improvements Assessment | $720,700 |
| Land Assessment | $150,500 | Total Assessment | $871,200 |
PROPERTY TAXES
Parcel Number
04-00007-0000-00792
Land Assessment
$150,500
Improvements Assessment
$720,700
Total Assessment
$871,200
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645-649 Magnolia Ave
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