For Sale
$2,500,000

264-268 Nth Broad St Elizabeth, NJ 07208

High-traffic retail space, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 11,400 square foot retail/office building is situated on a busy stretch of North Broad Street in Elizabeth, New Jersey's Town Center. The property boasts two floors, each approximately 5,700 square feet. The first floor features a newly renovated open space, perfect for an owner-occupier or tenant, complete with two private offices and two new bathrooms. The second floor is also renovated (2015) and currently leased for $4,841 per month plus utilities. A significant advantage is the private parking lot, spanning 44 x 90 feet on Morris Avenue, providing parking for 7-9 vehicles, plus additional spaces via a side driveway. Building amenities include two gas heating units, three central air conditioning units, security cameras, and a new roof installed in 2018. The building's prime location is just half a block from the train station, ensuring high visibility and accessibility. The owner is open to leasing the first floor for $9,500 per month ($20.00 per square foot) plus utilities. The 0.17-acre lot and the building's strong features make this a compelling investment opportunity priced at $2,500,000.

Highlights

  • $2,500,000 asking price.
  • 11,400 square foot retail/office building on a 0.17-acre lot.
  • Located at 264-268 N Broad St, Elizabeth, NJ 07208.
  • Two units; second floor tenant pays $4,841/month plus utilities.
  • First floor is newly renovated with open space, two private offices, and two bathrooms; suitable for owner-occupancy or leasing.

Property Details for 264-268 Nth Broad St

Property type
Retail properties, Land
Square Feet
11,400 SF
Lot Size (sq. ft)
7,405 SF
Units
2

Location Insight

City
Elizabeth
County
NJ
State
New Jersey
Latitude
40.668384
Longitude
-74.215963

FAQs

What type of property is this?
Retail property - High-traffic retail space, excellent investment.
Where is the retail property located?
The property is located at 264-268 Nth Broad St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: $2,500,000 asking price.; 11,400 square foot retail/office building on a 0.17-acre lot.; Located at 264-268 N Broad St, Elizabeth, NJ 07208.
How can I contact the broker?
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264-268 Nth Broad St
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