231 Broad St 10,994 SF 100% Leased Office Building Elizabeth, NJ 07201 $2,468,725 CAD ($224.55 CAD/SF)

231 Broad Street presents an opportunity to acquire a multi-tenant mixed-use asset in the heart of Downtown Elizabeth, one of Northern New Jersey's most established urban business districts. The property consists of a four-story front building and an additional rear building, creating multiple occupancy and income-generating configurations. Existing tenancy and mixed-use functionality provide investors with the ability to benefit from current occupancy while evaluating future leasing, repositioning, or value-add opportunities.
The property's location along Broad Street places it within Elizabeth's primary commercial corridor, surrounded by retail, professional services, restaurants, government offices, and daily commuter activity. Direct access to NJ Transit rail service and bus routes enhances accessibility for tenants, employees, and visitors, while proximity to Routes 1 & 9, the New Jersey Turnpike, Newark Liberty International Airport, and the Port Newark-Elizabeth Marine Terminal strengthens regional connectivity. The combination of transit accessibility and established commercial activity supports long-term demand from a variety of business users.
Additional features reported for the property include a freight elevator, multiple HVAC units, and access to nearby municipal parking. The asset is located within an Opportunity Zone, providing potential tax advantages for qualifying investors. With its downtown location, mixed-use character, and access to transportation infrastructure, 231 Broad Street offers investors exposure to one of Union County's most active urban markets.