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645 Magnolia Ave Elizabeth, NJ $ 575,000
645 Magnolia Ave
$ 575,000
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645 Magnolia Ave

Elizabeth, NJ, 07206
$ 575,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,540

Commercial Property for sale in Elizabeth, NJ

for $575,000 with 4 half baths.

Great opportunity to own a mixed-use commercial building in an up-and-coming area with strong value-add potential. Property requires renovation, making it ideal for investors or owner-users looking to customize and maximize returns. Currently configured with two residential apartments on the Magnolia Ave side?each offering 2 bedrooms?and a restaurant on the Trumbull St side with seating for approximately 75 guests. The building spans both Magnolia Ave and Trumbull St, providing multiple access points. Suitable for a variety of uses, including retail, office, restaurant, or redevelopment (buyer to verify permitted uses). Property is being sold strictly as-is.

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Commercial Active

Price

$ 575,000

Half Bath

4

Property Type

Commercial

Taxes

$ 17,572

Style

MixedUse

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

4019690

Features
General
Sewer Public Available
Construction Brick/Block
Heating 2 Units
Cooling 1 Unit Central Air
Utilities All Underground
Possession at closing
Roof Flat Rubberized
Zoning commercial
Garage Spaces 0
Year Built 9999
Township Elizabeth City
Property Type Mixed Use Restaurant Store With Apartment MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area
Lease Information See Remarks
County Union
Status Active
Directions Trumbull to Magnolia . Restaurant face Thrumbull and apt face Magnolia
Number Of Units Total 3
Tax Annual Amount 17572
Drive On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 871200
Town # 2904
Tax Lot 2
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Interior
Basement Unfinished
Flooring Laminate Tile
Fuel Type Gas-Natural
Total Stories 2
Half Baths 4
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 57.21X77.51 X IRR
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* Excluded Features
List By
ROSSE MARY MENDEZ

Listing Agent

Keller Williams Metropolitan

Broker

rossemarymendez@kw.com

Email

Affordability Calculator

$5,005
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$1,464
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
4/9/2026$575,000 Listed Price

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645 Magnolia Ave, Elizabeth, NJ, 07206 is a Commercial Property for sale at $575,000. The property's zip code is 07206 which is in Elizabeth, NJ