Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
N/A
Discover a prime investment or owner occupied opportunity with this industrial property located on Magnolia Ave in Elizabeth, NJ. Spanning 22,000 square feet and situated on a .786 acre of land, this vacant building is offered at $4,500,000. The property is equipped with three 20-foot-high loading docks and two additional garages, ensuring excellent logistics and storage functionality for a variety of industrial uses.Adding to its appeal, the property includes an ample parking lot currently generating $7,000 per month in rental income on a month-to-month basis, offering immediate cash flow potential. Its strategic location near Newark Liberty International Airport and the Elizabeth Port Authority further enhances its value, making it an ideal choice for businesses reliant on transportation and shipping.Zoned C2, this property offers flexible use opportunities. Buyers are encouraged to consult with the local municipality to explore permitted uses and maximize the property's potential. Don't miss this chance to invest in a high-growth, sought-after area. .Possibility to build an apartment complex. However, not approved by the town and the sale it's not contingent on being that being approved.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Natural Gas, None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.76
-
Property Type
Commercial Sale
-
Property Sub Type
Industrial
Price
-
Sales Price
$4,500,000
-
Tax Amount
68567.0
-
Zoning
Industrial
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Ownership
Fee Simple
-
Sewer
Public Sewer
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Location
County
Union
Elementary School
Middle School
High School
Listing Courtesy of None , SIGNATURE REALTY NJ
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