1038 Elizabeth Ave
Elizabeth, NJ, 07201 $ 1,200,000
Bedrooms-- Baths-- Sq 2,701 Monthly Estimate*
$ 7,577
for $1,200,000 with 2 half baths. This 2,701 square foot building was built in 1928 on a lot size of 0.06.
Rare opportunity to acquire an income-producing mixed-use commercial property, established automotive business, residential rental, and static billboard advertising at 1038 Elizabeth Avenue in Elizabeth, NJ. Positioned on a highly visible corner along a busy commercial corridor, this unique offering provides multiple potential revenue streams within one asset. The ground-floor automotive facility is equipped with five vehicle lifts, service/work areas, office space, and a half bath, offering an excellent opportunity for an owner-operator or investor. The upper level features a spacious 3-bedroom residential apartment with a full bath, kitchen, and living area, providing additional rental income. Static billboard advertising adds another potential source of revenue while capitalizing on the property's strong street exposure and visibility. Approximately 2,800 SF, this mixed-use asset offers flexibility for continued operations, investment, or owner occupancy. Conveniently located near major highways, Newark Liberty International Airport, Port Newark-Elizabeth, shopping, transportation, and surrounding businesses. A unique opportunity to own the real estate while benefiting from commercial, residential, and advertising income potential. Buyer to verify all uses, income, zoning, billboard rights/permits, and property information.
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FeaturesGeneralSewer Public Sewer
Construction Brick/Block Formed Concrete
Heating 1 Unit
Cooling See Remarks
Utilities Gas-Natural
Possession ASAP
Roof Flat
Zoning C-4
Garage Spaces 8
Year Built 1928
Tenant Pays See Remarks
Township Elizabeth City
Property Type Gas Station/Garage Gas Station/Garage
Tax Year 2025
Ownership Fee Simple
Location Corner
Lease Information Negotiable
County Union
Subdivision Name Elizabeth Avenue
Status Active
Directions 1038 Elizabeth Avenue Elizabeth NJ
Number Of Units Total 2
Tax Annual Amount 11708
Drive Additional Parking
Leasable Area 125
Standard Status Active
Tax Assessed Value 552800
Town # 2904
Tax Lot 15
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InteriorBasement Bilco-Style Door Walkout
Flooring Concrete Tile Wood
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 2
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ExteriorWater Source Public Water
Total Parking 8
Exterior Description Brick/Block
Building Area Total 3488
Lot Dimensions 30X90
Lot Size Acres 0.06
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* Excluded FeaturesList ByJAZMINE CLAUSEN-SOIRListing Agent
soldbyjazmine@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- $976
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Elizabeth, NJ
Average List Price $943,617
Percent of Sale Price 21%
About Elizabeth, NJ 129,831 Population
8% Since 2002
$ 46,469 Median Income
36.09 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/9/2026 | $1,200,000 | | Listed Price |