700-704 Broad StElizabeth, NJ 07208

Property Details for 700-704 Broad St

Property size (Sq ft)

1,271 SF

Property type

Office properties

Property subtype

Office buildings

APN

04 00146-0000-00014-0000-C0002

APU

04001460000000140000C0002

Description

This exceptional 12,000 square foot commercial building, located at 700-704 N Broad St, Elizabeth, NJ, presents a unique investment opportunity. Situated in a prime location, this property offers versatile space ideal for a variety of commercial uses. Currently configured as a professional building with ground floor office suites, the property boasts ample parking for tenants and visitors. The building is equipped with modern amenities including a convenient elevator, central air conditioning, and high-speed internet access. To enhance tenant experience, the space can be furnished and customized to meet specific needs. The seller is open to dividing or combining the space to accommodate various business requirements, offering flexibility for potential buyers or tenants. This presents a rare chance to acquire a well-maintained, strategically located commercial property in a thriving area. The asking price of $1,990,000 reflects the exceptional value and potential this property offers. The building's strong features and adaptable layout make it an attractive option for businesses seeking a prominent presence in Elizabeth, NJ. Serious inquiries are encouraged to explore this compelling investment opportunity further. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $210,134

  6.5%

  $193,970

  7%

  $180,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $166,069

  Geo Method

  $166,069

• Alternative Use

  Use

  Valuation

  Residential

  $240,523

  Hospitality

  $220,318

  Educational

  $183,302

  Medical

  $189,606

  Retail

  $285,136

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6797

Longitude

-74.2142

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].