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Investment Highlights

  • Tons of Parking
  • Run Efficiently
  • Common Waiting Area

Executive Summary

Three story, solid and classic building with "no wasted space." the atrium hosts a waiting area, so your own office can be that much more efficient. This is a prestigious and highly visible property, within the Westminster Section. Professionally managed for more than 30 years, Tons of Parking, On bus lines, Near Major Medical Centers , accessible in all ways This is a destination.

2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 103
  • 1,272 SF
  • Office
  • $300,000 ($235.85/SF)
  • $39,000
Sale Type Investment or Owner User
Cap Rate 13.00%
Description
Modernized, lots of parking, perfect for medical use.
  • Unit 302
  • 2,000 SF
  • Office
  • $500,000 ($250.00/SF)
  • -
Sale Type Owner User
Description
Also Available For Sale
Sale Notes
Also Available For Sale
Unit Unit Size Condo Use Price NOI
Unit 103 1,272 SF Office $300,000 ($235.85/SF) $39,000
Unit 302 2,000 SF Office $500,000 ($250.00/SF) -

Unit 103

Unit Size
1,272 SF
Condo Use
Office
Price
$300,000 ($235.85/SF)
NOI
$39,000

Unit 302

Unit Size
2,000 SF
Condo Use
Office
Price
$500,000 ($250.00/SF)
NOI
-

Unit 103

Unit Size 1,272 SF
Condo Use Office
Price $300,000 ($235.85/SF)
NOI $39,000
Sale Type Investment or Owner User
Cap Rate 13.00%
Description
Modernized, lots of parking, perfect for medical use.</li></ul>

Unit 302

Unit Size 2,000 SF
Condo Use Office
Price $500,000 ($250.00/SF)
NOI -
Sale Type Owner User
Description
Also Available For Sale</li></ul>
Sale Notes
Also Available For Sale</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 12,126 SF
Property Type Office
Property Subtype
Medical
  • OfficeLoft Creative Space
Building Class B
Floors 3
Typical Floor Size 4,042 SF
Year Built 1970
Lot Size 0.63 AC
Parking Ratio 4.12/1,000 SF
Zoning variance for 50 years cml - First floor, front-facing, redone; in Prof'l Building w 50+ Park spots Low Taxes, Excellent services, Westminster Section.

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Central Heating
  • Fully Carpeted
  • Wi-Fi
  • Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
  • Listing ID: 35238088

  • Date on Market: 3/24/2025

  • Last Updated:

  • Address: 700 N Broad St, Elizabeth, NJ 07208

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