2
See all 2 photos
$850,000
Est. payment /mo
3,049 Sqft Lot
New
515 Jackson Ave Elizabeth City, NJ 07201
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4000462
Year Built 1914
Annual Tax Amount $14,857
Tax Year 2024
Lot Size 3,049 Sqft
Property Sub-Type Mixed Use
Property Description
Prime mixed-use opportunity on vibrant Elizabeth Avenue! This mixed-use building includes a popular, income-producing bar/lounge (commercial rent: $3,700/month; business not included) and two rental units. The ground floor features a fully equipped bar/restaurant, ideal for continued commercial use or a variety of business operations. Above are two spacious 3-bedroom residential units generating steady income (Unit 1: $1,300/month; Unit 2: $1,400/month). Both residential tenants are month-to-month, offering the opportunity to increase rents; market rent for the second-floor unit, once renovated, is over $2,000/month. The property also includes a full basement with ample storage or expansion potential. Located in a high-traffic business district near shops, public transportation, and major highways, this asset is ideal for investors or owner-occupants seeking strong returns. Don?t miss this rare chance to own a dynamic, income-producing building in one of Elizabeth?s busiest commercial corridors.
Location
State NJ
County Union
Zoning MIXED USE
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling 1 Unit, Central Air, See Remarks, Wall A/C Unit(s)
Flooring Tile
Equipment See Remarks, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Garage Spaces 3.0
Utilities Available Electric, Gas-Natural
Roof Type Flat, Rubberized
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS CITY VIEWS REALTY
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