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558 S Broad St Elizabeth, NJ $ 1,200,000
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$ 1,200,000 Get more info
558 S Broad St
$ 1,200,000
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Share Save

558 S Broad St

Elizabeth, NJ, 07202
$ 1,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 7,486

558 S Broad St, Elizabeth, NJ 07202 - Image 1
558 S Broad St, Elizabeth, NJ 07202 - Image 2
558 S Broad St, Elizabeth, NJ 07202 - Image 3
558 S Broad St, Elizabeth, NJ 07202 - Image 4

Commercial Property for sale in Elizabeth, NJ

for $1,200,000 with 6 half baths. This building was built in 1925 on a lot size of 0.16.

Great investment property. Could also be a good opportunity for developer to build new appartements or may be possible to subdivide right side and build new 2 family. Commercial 5-unit building sitting on a 71x100 lot with 2 driveways. Let side is driveway with 2 car garage with loft above garage, leased to a contractor along with 2 one-bedroom units on1st. floor for $3,500.00. 2nd floor studio rented for $900.00 and the other 2 two-bedroom units rented for $1,500.00 each. The right side of the property have 8 parking spaces. The basement is finished. one Heating furnace that is 2 years old and heats entire building.

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Commercial Active

Price

$ 1,200,000

Half Bath

6

Property Type

Commercial

Taxes

$ 22,810

Style

Apartment Complex

Lot Size

0.16

Year Built

1925

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

3970929
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 1 Unit Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession TBD
Roof Asphalt Shingle
Zoning Commercial
Garage Spaces 10
Year Built 1925
Tenant Pays Heat Hot Water Maintenance-Common Area Repairs
Township Elizabeth City
Property Type Apartment Complex Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Residential Area
Lease Information Month-To-Month
Gross Income 104800
County Union
Net Operating Income 65988
Operating Expense 38812
Status Active
Directions Off Route 1&9 North close to Summer Ave.
Number Of Units Total 5
Tax Annual Amount 22810
Drive 1 Car Width Blacktop
Leasable Area 0
Standard Status Active
Tax Assessed Value 1185600
Town # 2904
Tax Lot 33
Cap Rate 6.00
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Interior
Basement Finished Walkout
Flooring Tile Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Water Source Public Water
Total Parking 10
Exterior Description Vinyl Siding
Building Area Total 0
Lot Dimensions 71X100
Lot Size Acres 0.16
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* Excluded Features
List By
LEONEL BEXIGA

Listing Agent

Top Choice Realty Network

Broker

BEXIGA57@MSN.COM

Email

Affordability Calculator

$9,387
Per Month
80%
20%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$1,901
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/21/2025$1,200,000 Listed Price

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558 S Broad St, Elizabeth, NJ, 07202 is a Commercial Property for sale at $1,200,000 with a lot size of 0.16. 558 S Broad St was built in 1925. The property's zip code is 07202 which is in Elizabeth, NJ

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