66-70 Broad StElizabeth, NJ 07201

For Sale
$3,800,000

Prime Retail Space, 28,854 SF, 67 Parking Spaces

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial property, located at 66-70 Broad Street in Elizabeth, New Jersey, presents a rare investment opportunity. The 28,854 square foot, four-story building sits on a 1.19-acre lot and includes 67 parking spaces, accessible from both East Jersey Street and Caldwell Place. Its prime downtown location is just two blocks from the Elizabeth NJ Transit train station, offering excellent accessibility. Currently zoned C-5 Commercial, the property is deed-restricted for two years against any financial institution and is delivered vacant. The building features entrances from Broad Street and the rear parking lot. This location benefits from various incentives, including Transit Village, Urban Enterprise Zone (UEZ), New Market Tax Credits, and Neighborhood Revitalization programs, making it suitable for a range of uses including hotels, professional and business offices, and residential development (minimum 850 sq ft per unit). The asking price is $3,800,000.

Highlights

  • Rare opportunity: 1.19-acre lot with 67 parking spaces, 28,854 SF, four-story building in downtown Elizabeth, NJ.
  • Parking access from East Jersey Street and Caldwell Place.
  • Two blocks from Elizabeth NJ Transit train station.
  • Deed restriction against financial institutions for two years.
  • Vacant building with Broad Street and rear parking lot entrances.
  • Eligible for Transit Village, Urban Enterprise Zone (UEZ), New Market Tax Credits, and Neighborhood Revitalization programs.

Property Details for 66-70 Broad St

Property type
Other retail properties, Restaurants
Square Feet
28,854 SF
Stories
4
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Elizabeth
County
Union
State
New Jersey
Latitude
40.664386
Longitude
-74.2154149
66-70 Broad St, Elizabeth, New Jersey

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66-70 Broad St
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