233 2nd St | Elizabeth, NJ 07206
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- LoopNet Team
233 2nd St
Elizabeth, NJ 07206
100% Leased Mixed-Use | Value-Add Potential · Retail Property For Sale
Investment Highlights
- Open House: 11:00 - 1:00 PM EST (Saturday 2/17/2024) - RSVP with Broker
- Fully leased, revenue-generating asset with value-add potential through under-market value rents in a market with increasing rental rates.
- Located with premier accessibility, five minutes from the I-278 and I-95 interchange and 3 miles from the Newark Liberty International Airport (EWR).
- Classic, three-story mixed-use multifamily and retail asset positioned on a highly visible corner in the heart of Downtown Elizabeth, New Jersey.
- Beneficially located in a densely occupied neighborhood with a growing population of more than 557,000 residents within a 5-mile radius.
- Excellently established in an Opportunity Zone, providing possible tax incentives to a new owner deploying capital in the area.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,173 SF
Building Class
C
Year Built
1950
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.85
Lot Size
0.06 AC
Frontage
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