500 Fulton StElizabethport, NJ 07206

Property Details for 500 Fulton St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

4,170 SF

Property type

Other commercial real estate

APN

04 00660-0000-00027

APU

400660000000027

Description

This exceptional investment opportunity presents a fully occupied, mixed-use building ideally situated in Elizabethport, NJ. The property, located at 500 Fulton Street, encompasses a substantial 999 square feet on a 0.06-acre lot. The building, completely renovated in 2016, is zoned 4A and offers a compelling blend of residential and commercial space. The ground floor features a separate entrance leading to a one-bedroom, one-bathroom apartment and a retail store, providing immediate income streams. The second floor comprises two additional residential units: a two-bedroom, one-bathroom apartment and a one-bedroom, one-bathroom apartment. The third floor boasts a spacious four-bedroom, two-bathroom unit that occupies the entire floor. Adding to the property's value are three attached garages, providing additional rental income potential or convenient parking for residents. The unfinished basement offers ample space and includes laundry hookups, presenting opportunities for expansion or further development. This turnkey investment property is priced at $1,200,000 and offers a strong return on investment due to its current full occupancy. The central location and diverse income streams make this an attractive proposition for discerning investors seeking a stable and profitable venture.

• Alternative Use

  Use

  Valuation

  Residential

  $789,127

  Hospitality

  $722,836

  Educational

  $601,391

  Medical

  $622,074

  Retail

  $935,497

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6553

Longitude

-74.1961

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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