800-802 1st Ave
Elizabeth, NJ 07201
Retail Property For Sale

+7 Fully Rented Units with a well maintained roof. The walls and foundation can support the construction of additional upper stories. +The building has endless possibilities and potential. Apartments or offices can be built on top of building. +New electrical service for entire building installed in 2013 +All the sidewalks on the corner of the building were updated in summer 2018 along with new streetlights, crossing lights, and curbs - all was paid for by the City. +HerbaLife was fully renovated (by tenant) in summer 2017. +CharMiss was fully renovated (by tenant) in 2012. +It's the first set of businesses that residents encounter coming from the areas down High St and First and Second Avenues. That whole area is all residential (potential customers.) +Next to very busy supermarket. There are no other large supermarkets in the area. +There is a great deal of foot traffic. +Every spring & summer there is an outdoor market on Tuesdays in front of the bank. +It's located at the popular, historic Union Square where the Minuteman Statue is the scene of many events and activities. +The Elizabeth Avenue Partnership, EAP, is very active in promoting the area. See http://www.elizabethavenue.org/pub/gen/attractions +Entire building and grounds are very well maintained. +In the time that the owner has managed the property she reports that she has never seen any rodents. +Every store is occupied and all tenants pay their rent and take very good care of their stores. +Basement can be rented out for storage. +Space on top of building can be rented to cell phone companies for cell towers. +The walls are sturdy brick. +Starting 2019 there will be a multi-million dollar renovation to the Frog Hollow section of Elizabeth with 23 new 2-family homes. This area is not too far from the store.