945 Elizabeth Ave, Elizabeth City, NJ 07201
Union County
Key Facts
Description
Seize this rare opportunity to own a fully operational, income-generating mixed-use property in the heart of vibrant Elizabeth Ave, one of Elizabeth, NJ's most desirable and bustling locations. This sale includes both the real estate and a thriving restaurant business with strong annual profits, offering an ideal investment for entrepreneurs and investors alike. Restaurant - Fully renovated in 2022, this turnkey restaurant comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The business is in full operation and it has been in operations for twenty plus years, generating impressive annual profits. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. Residential Unit - A spacious three-bedroom apartment featuring one full bathroom, an eat-in kitchen, and a comfortable living room, perfect for rental income. Currently on a 1 year lease at $2,800 per month. Situated in the heart of Elizabeth Ave, a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. Don't miss your chance to own a profitable restaurant and income-producing property in one of Elizabeth's most dynamic areas.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1900
Stories
2
Living Area
2,534 sq ft
Lot Size
0.05 acres
Ownership
Fee Simple
Days on Market
330
MLS® Listing#
3978837
Property Features
Cooling
Heating
Basement
Parking
Construction
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$11,903
Tax year 2024
Assessed Value
$588,100
Parcel Number
2904-00309-0000-00044-0000-
Directions
From 1&9 to Elizabeth Ave
Affordability Calculator
$319,000
Estimated monthly payment
$8,489/mo
Principal $1,276,000 · Est. interest $1,780,134 over 30 yrs
Location
Getting Around
Points of Interest in Elizabeth City, NJ
Showing the Elizabeth City area map.
Nearby Schools
St Anthony's Convent
School · 0.1 mi away
Nicholas S. Lacorte-Peterstown School No. 3
Elementary · 0.2 mi away
Elizabeth High School - Frank J Cicarell Academy
Secondary · 0.3 mi away
John E. Dwyer Technology Academy
School · 0.3 mi away
Elizabeth High School
Secondary · 0.3 mi away
Winfield Scott School No. 2
Elementary · 0.4 mi away
Adm W F Halsey Leadershp Academy
School · 0.4 mi away
Uceda School
School · 0.4 mi away
Joseph Battin Elementary School
Elementary · 0.5 mi away
Sonia Sotomayor School No. 25
Elementary · 0.5 mi away
Number 15 Elementary School
Elementary · 0.6 mi away
Trinitas School of Nursing
School · 0.6 mi away
Leaguers Head Start
School · 0.7 mi away
Terence C Reilly School 7
Secondary · 0.7 mi away
Number 70 Elementary School
Elementary · 0.7 mi away
Elizabeth High School
Secondary · 0.8 mi away
John Marshall School
Elementary · 0.8 mi away
Toussaint L'Ouverture-Marquis de Lafayette School No. 6
Elementary · 0.9 mi away
Alexander Hamilton Preparatory Academy
School · 1.0 mi away
Elizabeth Public Schools
School · 1.0 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Elizabeth City
Listing Courtesy: 3SIXTY REALTY LLC - 9739693363