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443 Jackson Ave

5,431 SF 100% Leased Retail Building Elizabeth, NJ 07201 £710,099 (£131/SF) 10.36% Net Initial Yield

Investment Highlights

  • Corner Property
  • Income Producing
  • Busy Intersection

Executive Summary

An incredible opportunity to own a Mixed-use income-generating property! This corner property offers two residential apartments and two stores. The first apartment is a four-bedroom with an eat-in kitchen and living room. The second apartment is a five-bedroom with an eat-in kitchen, two bathrooms, and plenty of living space. The driveway and detached garage can generate additional income by being rented out for storage and parking. Rent from both stores totals 3100, the rent for two apartments, for each 2400 per unit plus an opportunity to rent out the garage for 750, bringing it to 8650 monthly Close to all Major highways /Mass transit, commuter-friendly!

Attachments

443 Jackson
443-445 Jackson Income_Expense Sheet (1)

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,431 SF
Building Class
C
Year Built/Renovated
1961/2003
Price
£710,099
Price Per SF
£131
Net Initial Yield
10.36%
NOI
£73,601
Percent Leased
100%
Number of Floors
3
Building FAR
0.06
Land Acres
2.07 AC
Zoning
4A - Mixed-Use
Parking
2 Spaces (0.37 Spaces per 1,000 SF Leased)
Frontage
49 ft on Jackson Ave
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Flagstar
Chase Bank
Rent-A-Center
The YMCA
Royal Bank of Canada
Crown Bank
Santander
IHOP
EquipmentShare

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-00012-0000-00344
Land Assessment
£176,488
Improvements Assessment
£499,128
Total Assessment
£675,617
  • Listing ID: 26594758

  • Date on Market: 09/09/2022

  • Last Updated:

  • Address: 443 Jackson Ave, Elizabeth, NJ 07201

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