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For Sale

$1,175,000

1029 Elizabeth Ave, Elizabeth City, NJ 07201

5,074 Sq.Ft.
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Property Description

Don't miss this fully occupied 4-unit mixed-use office/retail building located on busy Elizabeth Avenue in the heart of Elizabeth's thriving commercial corridor. This income-producing property features approximately 5,074 square feet of rentable space offering immediate cash flow with all four units currently leased on month-to-month agreements. The property includes separate utilities, natural gas heat, public water and sewer, and fire alarm equipment. Prime location offers outstanding visibility and convenient access to Route 1, surrounded by established businesses and residential neighborhoods.The sale is contingent upon the Seller?s successful completion of a Section 1031 Exchange. The Seller must identify and secure the purchase of a replacement investment property. The Buyer agrees to cooperate with the Seller?s 1031 Exchange at no additional cost or liability to the Buyer
Don't miss this fully occupied 4-unit mixed-use office/retail building located on busy Elizabeth Avenue in the heart of Elizabeth's thriving commercial corridor. This income-producing property features approximately 5,074 square feet of rentable space offering immediate cash flow with all four units currently leased on month-to-month agreements. The property includes separate utilities, natural gas heat, public water and sewer, and fire alarm equipment. Prime location offers outstanding visibility and convenient access to Route 1, surrounded by established businesses and residential neighborhoods.The sale is contingent upon the Seller?s successful completion of a Section 1031 Exchange. The Seller must identify and secure the purchase of a replacement investment property. The Buyer agree...
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Area & Lot

Total Area
5,074 Sq.Ft.
Lot Size
8.36 Acres
MLS® ID
4040052
Type
Commercial
Year Built
1920

Exterior & Building

Stories
4
Water Source
Public
Heat Type
Natural Gas
Sewer
Public Sewer
Security Features
Smoke Detector(s)

Finance

Reduced Price
Price Upon Request
Real Estate Taxes
$15,404/yr
Zoning
Commercial
1029 Elizabeth Ave

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Work With Kim

Licensed in New Jersey and previously a broker in Colorado and Maryland, RE/MAX Select agent Kim Damion offers 24 years of combined real estate and marketing experience backed by substantial credentials.