Log In/Sign Up
Your email has been sent.
62 4th St 5,500 SF 100% Leased Retail Building Elizabeth, NJ 07206 $1,078,745 CAD ($196.14 CAD/SF) 11% Cap Rate
Investment Highlights
- High visibility
- Great location with large lot.
- Corner lot
Executive Summary
?? VALUE-ADD MIXED-USE CORNER PROPERTY | MOTIVATED SELLER ??
Excellent corner mixed-use investment located at the high-visibility intersection of Franklin St & 4th St. Strong in-place income with upside potential.
INCOME BREAKDOWN
First Floor – Commercial
• Nail Salon: $2,800/mo (central AC – long-term use)
• Juice Bar: $1,500/mo (currently vacant – immediate upside)
• Warehouse: $1,500/mo (currently rented)
Second Floor – Residential
• 2 Apartments: $3,000/mo total (window AC)
CURRENT INCOME: $7,300/month
PROJECTED INCOME: $8,500/month+ after leasing vacancy
ADDITIONAL VALUE
• Large attic with good ceiling height – potential for additional unit(s) or expansion (buyer to verify)
• Corner lot with excellent exposure
• Lot size: 50 x 100
• Annual property tax: approx. $24,000 after tax reduce become $15000
• Easy street parking
• Ideal for investors or owner-users
SELLER IS HIGHLY MOTIVATED – PRICED TO MOVE
Perfect for investors seeking stable cash flow + value-add opportunity.
Let me know if you’d like financials, photos, or a private showing.
Excellent corner mixed-use investment located at the high-visibility intersection of Franklin St & 4th St. Strong in-place income with upside potential.
INCOME BREAKDOWN
First Floor – Commercial
• Nail Salon: $2,800/mo (central AC – long-term use)
• Juice Bar: $1,500/mo (currently vacant – immediate upside)
• Warehouse: $1,500/mo (currently rented)
Second Floor – Residential
• 2 Apartments: $3,000/mo total (window AC)
CURRENT INCOME: $7,300/month
PROJECTED INCOME: $8,500/month+ after leasing vacancy
ADDITIONAL VALUE
• Large attic with good ceiling height – potential for additional unit(s) or expansion (buyer to verify)
• Corner lot with excellent exposure
• Lot size: 50 x 100
• Annual property tax: approx. $24,000 after tax reduce become $15000
• Easy street parking
• Ideal for investors or owner-users
SELLER IS HIGHLY MOTIVATED – PRICED TO MOVE
Perfect for investors seeking stable cash flow + value-add opportunity.
Let me know if you’d like financials, photos, or a private showing.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,500 SF
Building Class
C
Year Built
1910
Price
$1,078,745 CAD
Price Per SF
$196.14 CAD
Cap Rate
11%
NOI
$118,662 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.11 AC
Zoning
C1 - Neighborhood Commercial
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Storage Space
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00003-0000-00376 | Improvements Assessment | $1,604,718 CAD |
| Land Assessment | $246,101 CAD | Total Assessment | $1,850,819 CAD |
Property Taxes
Parcel Number
04-00003-0000-00376
Land Assessment
$246,101 CAD
Improvements Assessment
$1,604,718 CAD
Total Assessment
$1,850,819 CAD
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
62 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.