700 Broad StElizabeth, NJ 07208

Property Details for 700 Broad St

Property size (Sq ft)

1,548 SF

Property type

Office properties

Property subtype

Office buildings

APN

04 00146-0000-00014-0000-C0001

APU

04001460000000140000C0001

Description

This exceptional 28,000 square foot commercial property, located at 700 N Broad St, Elizabeth, NJ, presents a unique investment opportunity. Situated on a 0.4-acre lot, this general commercial space is ideally suited for medical, legal, or other professional practices. The building boasts ample parking, a significant advantage in a busy urban setting. The property offers turnkey office suites, complete with utilities, high-speed internet access, and regular cleaning services all included in a single, competitive monthly fee. This all-inclusive approach minimizes operational overhead and maximizes efficiency for tenants. The building features convenient elevator access and is strategically located on a major thoroughfare, providing excellent visibility and accessibility. Its proximity to both train and bus lines ensures convenient commuting options for employees and clients alike. Short-term lease options are available, offering flexibility for businesses with varying needs. This property represents a rare combination of prime location, comprehensive amenities, and adaptable lease terms, making it an attractive proposition for a wide range of professional enterprises. The building's excellent condition and convenient features make it ready for immediate occupancy. Don't miss this chance to secure a thriving business location in a vibrant and accessible area.

• CAP approach

  CAP return

  Valuation

  6%

  $255,931

  6.5%

  $236,244

  7%

  $219,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $202,262

  Geo Method

  $202,262

• Alternative Use

  Use

  Valuation

  Residential

  $292,942

  Hospitality

  $268,333

  Educational

  $223,250

  Medical

  $230,928

  Retail

  $347,278

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6797

Longitude

-74.2141

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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