970 Grand StElizabeth, NJ 07202

  • Other commercial real estate
  • 6,135 SF
For Lease
$4.30/SF/YR View listing

Property Details for 970 Grand St

Year built
1940
Lot size
0.08 AC
Property size (Sq ft)
6,135 SF
Property type
Other commercial real estate
APN
04 00384-0000-00001
APU
400384000000001

Description

This exceptional 6,135 square foot commercial land parcel, located at 970 W Grand Street, presents a unique investment opportunity. Zoned COMMERCIAL (APN 0400384000000001), this single-tenant property offers significant potential for a variety of businesses. Previously occupied by a barbershop, the site benefits from high visibility and foot traffic in a bustling commercial area. The property features a single-story building with no on-site parking. Utilities are conveniently divided between tenant and landlord responsibilities. The tenant is responsible for cable, cooking gas, and electricity. Landlord responsibilities include building maintenance, sewer, taxes, heat, cold water, and snow removal. This is an ideal location for an entrepreneur seeking a high-traffic, established commercial space to bring their business vision to life. The property's prime location and favorable utility arrangement make it an attractive proposition for discerning investors and business owners alike. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential. Act quickly to secure this exceptional offering.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,160,982
    Hospitality
    $1,063,453
    Educational
    $884,781
    Medical
    $915,210
    Retail
    $1,376,325
970 Grand St, Elizabeth, New Jersey

Location Insight

City
Elizabeth
County
Union
State
New Jersey
Latitude
40.6626
Longitude
-74.2432
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,876
$10,000
$55,000
$65,000
-
$10,000
$55,000
$65,000

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