Listing Details

261 2nd St,Elizabeth City, NJ 07206-2057

  • July 2, 2025

Description

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.

Details

Last Updated On: July 2nd, 2025 at 1:48 pm
Property ID:PT-167022-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 999,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 50X100
Property Type: Mixed Use
Available: Immediately
Lot Identifier: 1

Home Details

Location: Corner
Acreage: 0.12
Sale Includes: Building & Land
Roof Description: Flat
Number of Stories: 2
Number of Units: 3
Number of Lavatories: 4
Available SqFt: 6425
Building SqFt: 6425
Parking Desc: None
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full
Tenant Pays: Electric, Gas, Water
Owner Pays: No Utilities
YB/Desc: 9999 - Approximate
Block Identifier: 815
County Number: 29
Town Number: 2904
Possession: Negotiable

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Leases
Lease Includes: Building Insurance, Taxes
Ownership: Fee Simple
Tax ID For Property: 2904-00815-0000-00001-0000-
Tax Amount: $16,640.00
Tax Year: 2024
Tax Rate: 1.924%
Tax Rate Year: 2024
Land Assessment: $180,000.00
Building Assessment: $684,900.00
Total Assessment: $864,900.00

Utilities

Equipment Available: Fixtures, Kitchen Area, Restrooms - Private
Heat Source: Electric, Gas-Natural
Heat System: 1 Unit, Radiators - Steam
Cool System: No Cool
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Permitted Use: Mixed Use
Zoning: Comm/Res

Statistics

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