261 2nd St Elizabeth, NJ $ 999,000
261 2nd St
$ 999,000
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261 2nd St

Elizabeth, NJ, 07206
$ 999,000
Bedrooms-- Baths-- Sq 6,425

Monthly Estimate*

$ 6,232

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Commercial Property for sale in Elizabeth, NJ

for $999,000 with 4 half baths. This 6,425 square foot building was built on a lot size of 0.12.

Excellent investment opportunity in the heart of Elizabethport a vibrant and growing area just minutes from the waterfront and major transportation! This high-visibility corner property features three income-generating units, including two established commercial storefronts and a 2-bedroom residential apartment. Property Features: Prime corner location with great exposure and steady foot traffic. Two commercial units currently leased and operating as a restaurant and a liquor store. Upstairs 2-bedroom apartment with a private entrance ideal for an owner-occupant or to generate additional rental income. This property is perfect for investors seeking a turnkey asset in a revitalizing area, or business owners looking to live and work in one location. With its corner presence and proximity to redevelopment projects in Elizabethport, this is a smart buy with strong upside potential.

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Commercial Active

Price

$ 999,000

Half Bath

4

Property Type

Commercial

Taxes

$ 16,640

Style

MixedUse

Lot Size

0.12

Town/City

Elizabeth

County/Region

Union

MLS | Web ID

3965540

Features
General
Sewer Public Sewer
Construction See Remarks
Heating 1 Unit Radiators - Steam
Cooling No Cool
Utilities Electric Gas-Natural
Possession Negotiable
Roof Flat
Zoning Comm/Res
Garage Spaces 0
Year Built 9999
Tenant Pays Electric Gas Water
Township Elizabeth City
Property Type Mixed Use MixedUse
Tax Year 2024
Ownership Fee Simple
Location Corner
Lease Information See Remarks
Gross Income 6900
County Union
Status Active
Directions Elizabeth Ave to 2nd St
Number Of Units Total 3
Tax Annual Amount 16640
Drive None
Leasable Area 0
Standard Status Active
Tax Assessed Value 864900
Town # 2904
Tax Lot 1
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Interior
Basement Full
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 4
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description See Remarks
Building Area Total 6425
Lot Dimensions 50X100
Lot Size Acres 0.12
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* Excluded Features
List By
JOAO A PEREIRA

Listing Agent

Re/Max New Millennium Group

Broker

Joaopereira@remax.net

Email

Affordability Calculator

$7,619
Per Month
82%
18%
0%
Monthly Principal & Interest
$6,232
Monthly Property Taxes
$1,387
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
9/2/2025$999,000 -23.15% Price Down
5/28/2025$1,300,000 Listed Price

Map


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261 2nd St, Elizabeth, NJ, 07206 is a Commercial Property for sale at $999,000 with 6,425 sqft and a lot size of 0.12. The property's zip code is 07206 which is in Elizabeth, NJ