221 Broad St, Elizabeth, NJ 07201 - Photo 1

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$3,000,000

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Active
Retail

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Property Description

Prime redevelopment opportunity in the heart of Elizabeth! This 6-story, 18,000 sq ft building at 221-223 Broad St is delivered vacant and ready for transformation with approved plans for 12 residential units plus ground-floor commercial space and a full basement, offering ample space for a variety of uses. The property features both passenger and freight elevators and boasts immediate access to NYC trains, major bus lines, and nearby parking. Investors will appreciate the value-add potential and flexible layout, creating endless possibilities for modern residential units or thriving commercial spaces. With its prime location near transportation and local amenities, this property is ideal for those looking to unlock significant upside and bring their vision to life in one of Elizabeth?s most dynamic neighborhoods. Don?t miss this rare chance to shape the future of a centrally located building and maximize your investment. Schedule a tour today and explore the possibilities this exceptional property has to offer!

Full Property Details

Full Property Details for 221 Broad St

General

Price: $3,000,000
Taxes: $42,257 (2024)
Status: Active
Type: Retail
Source: Garden_State
MLS ID: 4007811
Updated: 2/2/2026
Added to Site: 28 day(s) ago

Business

Includes: Building Only, See Remarks

Rooms

Bathrooms

Total Bathrooms: 2
Restrooms: 2

Additional Information

Equipment: See Remarks

Parking

Parking: See Remarks

Location

County: Union
Driving Directions: north ave to broad st
Location Details: Business District

Heating & Cooling

Cooling Type: See Remarks
Heating Type: See Remarks
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas

Structural Information

Construction: Formed Concrete
Exterior Const.: ConcBrd, Metal Siding
Basement: Yes
Basement Desc.: Unfinished
Roof: Flat
Stories in Building: 6
Aprox. Leasable: 18,000 Sq. Ft.
Year Built: 1960

Lot Features

Lot Size: 38.58X92.75X110
Zoning: C5

Financial Considerations

Assessment Amount: $2,123,500
Land Assmt: $171,100
Tax Amount: $42,257
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: See Remarks, Survey Available
APN: 2904-00294-0001-00010-0000-
Block: 294.01
Lot Number: 10

Listed by Signature Realty Nj

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908-764-1170

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Schools

Schools serving 221 Broad St

School District:Elizabeth City School District

Name	Grades	Distance
Number 2, Winfield Scott Elementary School 125 Madison Avenue, Elizabeth, NJ 07201	PK-8	0.3 mi
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201	9-12	0.3 mi
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202	9-12	0.3 mi
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208	9-12	0.4 mi
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202	9-12	0.5 mi
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202	9-12	0.6 mi
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 221 Broad St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/02/2026

Listed

$3,000,000

100%

MLS

11/03/2021

Sold

$1,500,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 221 Broad St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$42,258

17%

$2,123,500

—

2023

$36,270

3%

$2,123,500

1799%

2022

$35,310

2%

$111,800

—

2021

$34,573

4%

$111,800

—

2019

$33,352

5%

$111,800

—

2018

$31,911

-1%

$111,800

—

2017

$32,240

—

$111,800

—

2016

$32,104

10%

$111,800

—

2015

$29,179

9%

$111,800

—

2013

$26,718

—

$111,800

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Estimate the Cost for 221 Broad St

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Listed by Real

221 Broad St, Elizabeth, NJ 07201 (MLS# 4007811) is a Retail property. 221 Broad St is currently listed for $3,000,000 and was received on February 02, 2026. Want to learn more about 221 Broad St? Do you have questions about finding other Retail real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

221 Broad St Elizabeth, NJ 07201