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$3,000,000
Est. payment /mo
18,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $166
MLS Listing ID 4007811
Year Built 1960
Annual Tax Amount $42,257
Tax Year 2024
Property Sub-Type Mixed Use
Property Description
Prime redevelopment opportunity in the heart of Elizabeth! This 6-story, 18,000 sq ft building at 221-223 Broad St is delivered vacant and ready for transformation with approved plans for 12 residential units plus ground-floor commercial space and a full basement, offering ample space for a variety of uses. The property features both passenger and freight elevators and boasts immediate access to NYC trains, major bus lines, and nearby parking. Investors will appreciate the value-add potential and flexible layout, creating endless possibilities for modern residential units or thriving commercial spaces. With its prime location near transportation and local amenities, this property is ideal for those looking to unlock significant upside and bring their vision to life in one of Elizabeth?s most dynamic neighborhoods. Don?t miss this rare chance to shape the future of a centrally located building and maximize your investment. Schedule a tour today and explore the possibilities this exceptional property has to offer!
Location
State NJ
County Union
Zoning C5
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature ConcBrd, Metal
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 6
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by SIGNATURE REALTY NJ
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