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$ 1,595,000
Est. payment | /mo
2.5 Baths
2,534 SqFt
$ 1,595,000
Est. payment | /mo
2.5 Baths
2,534 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,534 sqft
Price per Sqft $629
MLS Listing ID 2601975R
Full Baths 1
Half Baths 3
Year Built 1900
Annual Tax Amount $12,198
Tax Year 2023
Lot Size 2,121 Sqft
Acres 0.0487
Lot Dimensions 100.00 x 0.00
Property Sub-Type Investment
Source CJMLS API
Property Description
Seize this rare opportunity to own a fully operational, income-generating mixed-use property in the heart of vibrant Elizabeth Ave, one of Elizabeth, NJ's most desirable and bustling locations. This sale includes both the real estate and a thriving restaurant business with strong annual profits, offering an ideal investment for entrepreneurs and investors alike. Restaurant - Fully renovated in 2022, this turnkey restaurant comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The business is in full operation and it has been in operations for twenty plus years, generating impressive annual profits. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. Residential Unit - A spacious three-bedroom apartment featuring one full bathroom, an eat-in kitchen, and a comfortable living room, perfect for rental income. Currently on a 1 year lease at $2,800 per month. Situated in the heart of Elizabeth Ave, a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. Don't miss your chance to own a profitable restaurant and income-producing property in one of Elizabeth's most dynamic areas.
Location
State NJ
County Union
Zoning Retail
Interior
Flooring Tile, Wood
Appliance Refrigerator
Heat Source Natural Gas
Exterior
Utilities Available Natural Gas Connected
Roof Type Flat
Building
Lot Description Business District
Story 2
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 0400309000000044
Energy Description Natural Gas
Listed by 3SIXTY REALTY LLC
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Matt Gregorin
REALTOR® | Lic# 0567863