Listing Details

265 2nd,Elizabeth City, NJ 07206

  • January 2, 2026

Description

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.

Details

Last Updated On: January 2nd, 2026 at 3:43 pm
Property ID:PT-23041934-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 1,350,000 $
Year Built:1940

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 50X100
Lot Description: Corner
Property Type: Mixed Use
Available: Immediately
Lot Identifier: 42

Home Details

Subdivision: Elizabeth Port
Location: Corner
Acreage: 0.12
Sale Includes: Building & Land
Renovated: 2025
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Flat
Number of Garage Spaces: 4
Number of Stories: 3
Number of Units: 6
Number of Lavatories: 7
Available SqFt: 5974
Building SqFt: 5974
Available Parking Spaces: 4
Parking Desc: 1 Car Width, Driveway-Exclusive
Easement/Desc: Unknown
Basmnt/Desc: Yes - Unfinished
Tenant Pays: Electric, Gas
Owner Pays: Sewer, Water
YB/Desc: 1940 - Renovated
Block Identifier: 818
County Number: 29
Town Number: 2904
Possession: At Closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 2904-00818-0000-00042-0000-
Tax Amount: $23,232.00
Tax Year: 2024
Tax Rate: 1.924%
Tax Rate Year: 2025
Land Assessment: $180,000.00
Building Assessment: $1,027,500.00
Total Assessment: $1,207,500.00

Utilities

Equipment Available: Refrigeration Unit, Restrooms - Private
Heat Source: Electric, Gas-Natural
Heat System: 4+ Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Permitted Use: Mixed Use
Zoning: R-3A
Prior Use: Fish Market/Restaurant- Residential

Statistics

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