827 Elizabeth Ave
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827 Elizabeth Ave
3,472 SF 100% Leased Retail Building Elizabeth, NJ 07201 $989,000 ($285/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visibility / Traffic / Foot Traffic
- Retail / Residential Mixed Use
- Retail Business District
EXECUTIVE SUMMARY
Fully leased with below market month-to-month tenants, this mixed-use property is located in the Union Square business district and offers investors a significant upside opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,472 SF
Building Class
B
Year Built/Renovated
1900/2017
Price
$989,000
Price Per SF
$285
Cap Rate
6.85%
NOI
$67,747
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.33
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C-2 - C-2 Zone with Cannabis retail overlay providing a range of permitted use options for the storefront.
Parking
4 Spaces (1.15 Spaces per 1,000 SF Leased)
Frontage
25 FT on Elizabeth Ave
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,819,000 | |
| Land Assessment | $450,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,369,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$450,000
Improvements Assessment
$1,369,000
Total Assessment
$1,819,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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827 Elizabeth Ave
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