66-70 Broad StElizabeth, NJ 07201

Property Details for 66-70 Broad St

Lot size

1.19 AC

Property size (Sq ft)

28,854 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional commercial property, located at 66-70 Broad Street in Elizabeth, New Jersey, presents a rare investment opportunity. The 28,854 square foot, four-story building sits on a 1.19-acre lot and includes 67 parking spaces, accessible from both East Jersey Street and Caldwell Place. Its prime downtown location is just two blocks from the Elizabeth NJ Transit train station, offering excellent accessibility. Currently zoned C-5 Commercial, the property is deed-restricted for two years against any financial institution and is delivered vacant. The building features entrances from Broad Street and the rear parking lot. This location benefits from various incentives, including Transit Village, Urban Enterprise Zone (UEZ), New Market Tax Credits, and Neighborhood Revitalization programs, making it suitable for a range of uses including hotels, professional and business offices, and residential development (minimum 850 sq ft per unit). The asking price is $3,800,000.

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6644

Longitude

-74.2154

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