439-441 3Rd AveElizabeth, NJ 07206

This exceptional Elizabeth, NJ industrial property offers a compelling investment opportunity with a 10.80% cap rate. Priced at $999,999, this property boasts 4,054 square feet across two buildings situated on a 9,500 square foot lot. Completely renovated in 2023, the property features a front building (2,387 sq ft) ideal for automotive or workshop use, with 12-foot-high doors and a private driveway. The rear building (1,672 sq ft) provides office space and storage, perfect for administrative functions or inventory management. Both buildings benefit from central heating. Currently vacant, this property presents a blank canvas for diverse business ventures, storage solutions, or workspace needs. Its strategic location in Elizabeth, New Jersey, and its modern updates make it a highly attractive investment prospect. The property's strong NOI of $108,000 further underscores its financial potential. The price per square foot is $246.67. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a prime location.