515 Jackson Ave Elizabeth, NJ $ 850,000
515 Jackson Ave
$ 850,000
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515 Jackson Ave

Elizabeth, NJ, 07201
$ 850,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,303

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Commercial Property for sale in Elizabeth, NJ

for $850,000 with 4 half baths. This building was built in 1914 on a lot size of 0.07.

Prime mixed-use opportunity on vibrant Elizabeth Avenue! This mixed-use building includes a popular, income-producing bar/lounge (commercial rent: $3,700/month; business not included) and two rental units. The ground floor features a fully equipped bar/restaurant, ideal for continued commercial use or a variety of business operations. Above are two spacious 3-bedroom residential units generating steady income (Unit 1: $1,300/month; Unit 2: $1,400/month). Both residential tenants are month-to-month, offering the opportunity to increase rents; market rent for the second-floor unit, once renovated, is over $2,000/month. The property also includes a full basement with ample storage or expansion potential. Located in a high-traffic business district near shops, public transportation, and major highways, this asset is ideal for investors or owner-occupants seeking strong returns. Don?t miss this rare chance to own a dynamic, income-producing building in one of Elizabeth?s busiest commercial corridors.

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Commercial Active

Price

$ 850,000

Half Bath

4

Property Type

Commercial

Taxes

$ 14,857

Style

Apartment Complex

Lot Size

0.07

Year Built

1914

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4000462

Features
General
Sewer Public Sewer
Construction See Remarks
Heating 3 Units
Cooling 1 Unit Central Air See Remarks Wall A/C Unit(s)
Utilities Electric Gas-Natural
Possession at closing
Roof Flat Rubberized
Zoning MIXED USE
Garage Spaces 0
Year Built 1914
Township Elizabeth City
Property Type Apartment Complex Mixed Use Restaurant/Bar Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Business District
County Union
Status Active
Directions On Jackson Ave
Number Of Units Total 3
Tax Annual Amount 14857
Drive Additional Parking Blacktop
Leasable Area 0
Standard Status Active
Tax Assessed Value 772200
Town # 2904
Tax Lot 5
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Interior
Basement Full
Flooring Tile
Fuel Type Gas-Natural
Total Stories 3
Half Baths 4
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Exterior
Water Source Public Water
Total Parking 3
Exterior Description See Remarks
Building Area Total 2831
Lot Dimensions 25X114 REAR
Lot Size Acres 0.07
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* Excluded Features
List By
ANDREA ALUMMOOTIL

Listing Agent

Keller Williams City Views Realty

Broker

Alummootil@kw.com

Email

Affordability Calculator

$6,541
Per Month
81%
19%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$1,238
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
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/4/2025$850,000 Listed Price

Map


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515 Jackson Ave, Elizabeth, NJ, 07201 is a Commercial Property for sale at $850,000 with a lot size of 0.07. 515 Jackson Ave was built in 1914. The property's zip code is 07201 which is in Elizabeth, NJ