Commercial Real Estate for Sale at 265-267 2nd in Elizabeth City, NJ for $1,350,000

265-267 2nd | Elizabeth City

$1,350,000 | 7 Baths (7 Half) | 5,974 Sq. Ft.

Mixed-use investment opportunity in a rapidly improving Elizabeth neighborhood. Property features four residential apartments and two street-level commercial spaces near the waterfront and major transportation. Residential component includes four 2-bedroom, 1-bath units, all currently leased; two units recently renovated. Commercial component offers: One fully renovated restaurant leased at $3,500/month. Second storefront, formerly Praia da Rocha Fish Market, is now vacant and ready for renovation to suit the next business. Property includes an exclusive driveway with on-site parking, separate residential and commercial entrances, and strong long-term upside supported by surrounding redevelopment and proximity to the Elizabethport waterfront. GSMLS 4003164

Directions to property: Elizabeth Ave to 2nd St. Corner of Second and Clark

MLS Listing ID: 
GSMLS 4003164
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: 
$1,350,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Elizabeth City
Address: 
265-267 2nd, Elizabeth City, NJ 07206, U.S.A.
County: 
Union
Latitude: 
40.6538800
Longitude: 
-74.1824400
Directions: 
Elizabeth Ave to 2nd St. Corner of Second and Clark
Public Remarks: 
Mixed-use investment opportunity in a rapidly improving Elizabeth neighborhood. Property features four residential apartments and two street-level commercial spaces near the waterfront and major transportation. Residential component includes four 2-bedroom, 1-bath units, all currently leased; two units recently renovated. Commercial component offers: One fully renovated restaurant leased at $3,500/month. Second storefront, formerly Praia da Rocha Fish Market, is now vacant and ready for renovation to suit the next business. Property includes an exclusive driveway with on-site parking, separate residential and commercial entrances, and strong long-term upside supported by surrounding redevelopment and proximity to the Elizabethport waterfront.
Community Information
Subdivision: 
Elizabeth Port
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1940
Living Area: 
5,974
Basement: 
Unfinished
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
7
Total Half-Bathrooms: 
7
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.12
Lot Size (Dimensions): 
50X100
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width, Driveway-Exclusive
Parking Type: 
1 Car Width, Driveway-Exclusive
Total Parking Spaces: 
4
Public Record
Parcel Number: 
2904-00818-0000-00042-0000-
Lot Number: 
42
Annual Tax: 
$23,232.00
Property Zoning: 
R-3A
Contract Details
Details about the listing contract.
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX NEW MILLENNIUM GROUP

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