261-263 Elizabeth Ave Elizabeth, NJ $ 1,199,900
261-263 Elizabeth Ave
$ 1,199,900
Recently Listed
Open House 4/11 1pm - 4pm
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261-263 Elizabeth Ave

Elizabeth, NJ, 07206
$ 1,199,900
Bedrooms-- Baths--

Monthly Estimate*

$ 7,388

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Commercial Property for sale in Elizabeth, NJ

for $1,199,900 with 3 half baths. The lot size is 0.07.

Exceptional mixed-use opportunity in the highly desirable Marina section of Elizabeth. This well-positioned property features a spacious commercial storefront of approximately 1,600 sq ft, offering excellent visibility and foot traffic. Retail space can serve multi purpose perfect for owner use. The residential units are generously sized, each offering 4 bedrooms, a bright living room, and an eat-in kitchen perfect for comfortable living or strong rental income potential. Sold fully furnished, this turnkey property is ready to generate immediate rental revenue. Conveniently located just minutes from Newark Liberty International Airport and with easy access to major highways, providing a seamless commute to New York City and surrounding areas.A rare opportunity to own a versatile, income-producing property in a prime location.

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Open House

4/11/2026 1:00 PM - 4:00 PM
4/12/2026 1:00 PM - 4:00 PM
261-263 Elizabeth Ave Elizabeth, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Commercial Active

Price

$ 1,199,900

Half Bath

3

Property Type

Commercial

Taxes

$ 16,115

Style

MixedUse

Lot Size

0.07

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4018380

Features
General
Sewer Public Available
Construction Metal Frame
Heating 3 Units
Cooling 3 Units Central Air
Utilities Gas-Natural
Possession at closing
Roof Asphalt Shingle
Zoning Mixed-Use
Garage Spaces 6
Year Built 9999
Township Elizabeth City
Property Type Mixed Use Store With Apartment MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Corner See Remarks
County Union
Status Active
Directions Elizabeth Ave
Number Of Units Total 3
Tax Annual Amount 16115
Drive 1 Car Width Additional Parking Blacktop Driveway-Exclusive
Leasable Area 0
Standard Status Active
Tax Assessed Value 799000
Town # 2904
Tax Lot 38
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Interior
Basement Full Storage Walkout
Flooring Tile Vinyl-Linoleum
Fuel Type Gas-Natural
Total Stories 0
Half Baths 3
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Exterior
Lot Features Corner
Water Source Public Water
Total Parking 6
Exterior Description Aluminum
Building Area Total 0
Lot Dimensions 50X65
Lot Size Acres 0.07
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* Excluded Features
List By
GRISELA FLORES

Listing Agent

Florostone Realty Inc.

Broker

grisela@florostone.com

Email

Affordability Calculator

$8,731
Per Month
85%
15%
0%
Monthly Principal & Interest
$7,388
Monthly Property Taxes
$1,343
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
4/3/2026$1,199,900 Listed Price

Map


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261-263 Elizabeth Ave, Elizabeth, NJ, 07206 is a Commercial Property for sale at $1,199,900 with a lot size of 0.07. The property's zip code is 07206 which is in Elizabeth, NJ