419-425 Elizabeth Ave 10 Unit Apartment Building $3,356,808 CAD ($335,681 CAD/Unit) 8% Cap Rate Elizabethport, NJ 07206

16 RENTAL UNITS | 14,684SF | 0.225±AC | 3 BUILDINGS
Corcoran Sawyer Smith is pleased to present 419-423-425 Elizabeth Avenue, a rare three-building mixed-use investment assembled on a single 9,801± SF tax lot along one of Elizabeth port's primary commercial corridors. The offering totals 14,684± SF of gross building area across eight commercial units and eight residential apartments, delivering a diversified, fully-occupied rent roll with immediate, stabilized income.
419 Elizabeth Avenue is a retail building with three storefronts and a studio apartment. 423 Elizabeth Avenue is a two-story, five-unit apartment building set at the rear of the site. 425 Elizabeth Avenue is a mixed-use building with five commercial suites — including a long-term church tenant on the second floor — plus two rear apartments. Elizabeth Avenue is a heavily trafficked feeder road to the Union County central business district, lined with dense mixed-use retail and steps from the elevated NJ Turnpike.
An ideal opportunity for a local or regional investor seeking a diversified, income-producing asset with multiple tenants, functional redundancy, and long-term upside in a supply-constrained, transit-connected North Jersey submarket.