649 Elizabeth Ave Elizabeth, NJ $ 189,000
649 Elizabeth Ave
$ 189,000
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649 Elizabeth Ave

Elizabeth, NJ, 07206
$ 189,000
Bedrooms-- Baths-- Sq 1,300

Monthly Estimate*

$ 1,164

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Commercial Property for sale in Elizabeth, NJ

for $189,000 with 2 half baths. This building is 1,300 square feet.

The business is a fully turn key, operational, cash-flowing restaurant located in vibrant Elizabeth, New Jersey, offering dine-in, takeout, and delivery services through major platforms such as DoorDash and Uber Eats. 120 maximum capacity, space for outdoor lounge In 2025, the operation demonstrated strong financial performance, reinforcing its stability and long-term growth potential. The business generated $537,668 in annual revenue and $147,602 in net operating income, achieving an above-average 27.4% operating margin. This level of performance positions the business as a high-quality, income-producing asset within the New Jersey restaurant market. All inventory included. Condition: FULLY RENOVATED, PLENTY OF STORAGE SPACE, Fully equipped kitchen and commercial-grade refrigeration systems. A liquor license is not included in the offering; however, one may be available for separate purchase through a third-party owner, presenting an opportunity to further enhance revenue. Business name not included in sale, financial reports are available.

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Commercial Active

Price

$ 189,000

Half Bath

2

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4017419

Features
General
Sewer Public Available
Heating 1 Unit
Cooling 1 Unit Central Air
Utilities See Remarks
Possession ASAP
Garage See Remarks
Township Elizabeth City
Ownership Sole Proprietorship
Location Commercial Area
Gross Income 537668
Business Type See Remarks
Business Name La Tamaleria
County Union
Net Operating Income 147602
Operating Expense 212328
Subdivision Name Elizabeth Avenue
Status Active
Directions Hudson St to I-78 W/Holland Tunnel I-78 W US-1&9 S Exit from US-1 S/US-9 S Left onto Elizabeth Ave 649 Elizabeth Avenue Elizabeth NJ 07206
Drive See Remarks
Leasable Area 1300
Standard Status Active
Town # 2904
Leasehold Rent $/Mo 4200
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Interior
Basement Finished-Partially Full
Fuel Type See Remarks
Half Baths 2
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Exterior
Water Source Public Water
Road Type City/Town Street
Building Area Total 1300
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* Excluded Features
List By
JAZMINE CLAUSEN-SOIR

Listing Agent

Bhgre Elite

Broker

soldbyjazmine@gmail.com

Email

Affordability Calculator

$1,164
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,164
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/30/2026$189,000 Listed Price

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649 Elizabeth Ave, Elizabeth, NJ, 07206 is a Commercial Property for sale at $189,000 with 1,300 sqft. The property's zip code is 07206 which is in Elizabeth, NJ