264-268 Broad StElizabeth, NJ 07208

For Sale
$2,390,000

Prime Retail/Office Space, 11,400 sq ft, Parking

Overview

Added:
Feb 3
Days on market:
40
This exceptional commercial property, located at 264-268 N Broad St in Elizabeth, NJ, offers 11,400 square feet of versatile retail and office space. Situated on a 0.17-acre lot encompassing two parcels, the building features a substantial 5,700 square feet per floor. The second floor is currently leased, generating a monthly income of $4,841 plus utilities. The first floor boasts a newly renovated, expansive open area, perfect for an owner-occupier or tenant, complemented by two private offices and two updated bathrooms. A significant advantage is the inclusion of a private 44 x 90 sq ft parking lot on Morris Avenue, accommodating 7-9 vehicles, plus additional parking on a side driveway (4-5 cars). The building is equipped with two gas heating units, three central air conditioning units, and a security camera system. Recent improvements include a new roof (2018) and a second-floor renovation (2015). The property's prime location is just half a block from the train station, ensuring excellent accessibility. The asking price is $2,390,000. Alternatively, the owner will consider leasing the first floor for $9,500 per month ($20.00 per square foot) plus utilities. This is a truly remarkable opportunity in the heart of Elizabeth Town Center.

Property Details for 264-268 Broad St

Property type
Other commercial real estate
Square Feet
11,400 SF
Year Built
1947
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Elizabeth
County
Union
State
New Jersey
Latitude
40.66843
Longitude
-74.21575
264-268 Broad St, Elizabeth, New Jersey

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264-268 Broad St
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