2 1St StElizabethport, NJ 07206

Property Details for 2 1St St

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

3,933 SF

Property type

Retail properties

Property subtype

Bars

APN

04 00784-0000-00027

APU

400784000000027

Description

This exceptional commercial property, located at 2 1ST ST in Elizabethport, NJ, presents a compelling investment opportunity. Boasting a generous 3,933 square feet of space, this general commercial building sits on a conveniently sized 0.03-acre lot. The property's strategic location in Elizabethport offers excellent accessibility and visibility, making it suitable for a wide range of commercial ventures. The asking price of $2700 suggests significant potential for return on investment. The building's substantial square footage allows for versatile configurations to accommodate diverse business needs. Whether you envision a retail space, office complex, or light industrial operation, this property's adaptability makes it a highly attractive prospect. Its prime location within Elizabethport ensures easy access to transportation routes and a thriving local market. The compact lot size offers efficient use of land, minimizing maintenance and overhead costs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property and its promising investment prospects. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to acquire a valuable asset in a dynamic and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $955,856

  6.5%

  $882,329

  7%

  $819,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,294,992

  Geo Method

  $1,294,992

• Alternative Use

  Use

  Valuation

  Residential

  $744,277

  Hospitality

  $681,754

  Educational

  $567,211

  Medical

  $586,719

  Retail

  $882,329

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6466

Longitude

-74.1908

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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