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558 S Broad St

Elizabeth City, NJ 07202
  • $1,200,000
  • STATUS: Active
  • ON SITE: 177 Days
  • ID#: 3970929
$1,200,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

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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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-12-15T23:48:31.68.
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558 S Broad St Elizabeth City, NJ 07202

  • Price: $1,200,000
  • Status: Active
  • On Site: 177 Days
  • ID#: 3970929
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1925
Built
County:
Union
Area:
Elizabeth City
Property Description
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.
Exterior Features

Approximate Lot Size 71X100 Available Parking Spaces 10 Construction Brick/Block Exterior Description Vinyl Siding Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description 1 Car WidthBlacktop Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FinishedWalkout Cooling Window A/C(s) Equipment Available Smoke Detector Floors TileWood Heating 1 UnitBaseboard - Hotwater Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 104800 Net Operating Income 65988 Owner Pays ElectricGas Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 558 Tax Amount 22810 Tax Rate Amount 1.924 Tax Rate Year 2024 Tax Year 2024 Tenant Pays HeatHot WaterMaintenance-Common AreaRepairs Total Operating Expense 38812 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning Commercial

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Top Choice Realty Network: 908-353-8277.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than eXp Realty LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-12-15T23:48:31.68.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042