Commercial Real Estate for Sale at 945 Elizabeth Ave in Elizabeth City, NJ for $1,595,000

945 Elizabeth Ave | Elizabeth City

$1,595,000 | 4 Baths (4 Half) | 2,534 Sq. Ft.

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. GSMLS 3978837

Directions to property: From 1&9 to Elizabeth Ave

MLS Listing ID: 
GSMLS 3978837
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,595,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Elizabeth City
Address: 
945 Elizabeth Ave, Elizabeth City, NJ 07201-2645, U.S.A.
County: 
Union
Latitude: 
40.6602400
Longitude: 
-74.2067200
Directions: 
From 1&9 to Elizabeth Ave
Public Remarks: 
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.
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1900
Living Area: 
2,534
Basement: 
Full, Storage
Construction
Construction Materials: 
Wood
Roof: 
Flat
Exterior: 
Vinyl Siding
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
4
Total Half-Bathrooms: 
4
Utilities
Information about utilities available on the property.
Heating System: 
2 Units, Baseboard - Hotwater, Forced Hot Air
Heating System Fuel: 
Gas-Natural
Cooling System: 
1 Unit, Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.05
Lot Size (Dimensions): 
21.20X100
Waterfront: 
0
Lot Features
Driveway: 
On-Street Parking
Parking Type: 
On-Street Parking
Public Record
Parcel Number: 
2904-00309-0000-00044-0000-
Lot Number: 
44
Annual Tax: 
$11,903.00
Property Zoning: 
Retail
Contract Details
Details about the listing contract.
Possession: 
Immediately
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
3SIXTY REALTY LLC

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