261-263 2nd Street Elizabeth, NJ $ 999,000
261-263 2nd Street
$ 999,000
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261-263 2nd Street

Elizabeth, NJ, 07206
$ 999,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,232

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Commercial Property for sale in Elizabeth, NJ

for $999,000.

Excellent investment opportunity in the heart of Elizabethport a vibrant and growing area just minutes from the waterfront and major transportation! This high-visibility corner property features three income-generating units, including two established commercial storefronts and a 2-bedroom residential apartment. Property Features: Prime corner location with great exposure and steady foot traffic. Two commercial units currently leased and operating as a restaurant and a liquor store. Upstairs 2-bedroom apartment with a private entrance ideal for an owner-occupant or to generate additional rental income. This property is perfect for investors seeking a turnkey asset in a revitalizing area, or business owners looking to live and work in one location. With its corner presence and proximity to redevelopment projects in Elizabethport, this is a smart buy with strong upside potential.

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Commercial Active

Price

$ 999,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

25018224

Features
General
Roof Asphalt
Rooms None
County UNION
Property Type 5+ Mixed Use
HOA N
Status Active - Active
City Elizabeth
Taxes 16640
Year Built Details 1900-1939 Build Prior to 1978
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
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* Excluded Features

Affordability Calculator

$6,232
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,232
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$999,000 -23.15% Price Down
5/29/2025$1,300,000 Listed Price

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261-263 2nd Street, Elizabeth, NJ, 07206 is a Commercial Property for sale at $999,000. The property's zip code is 07206 which is in Elizabeth, NJ