For Sale

461 Marshall St,Elizabeth City, NJ 07206-2606

May 3, 2026

Exceptional investment opportunity in the heart of Elizabeth. This mixed-used property features a well-established Tavern/bar/Restaurant on the first floor along with two spacious residential apartments on the upper level.The sale includes the building, the business, liquor license, and all operational equipment (excluding inventory). This is a turnkey package for investors or owner-operators. There are 2 dinner hall available for parties and events. Approximately bar & dinner hall capacity 50 guests. This is a rare opportunity to acquire both a thriving business and the real estate that supports it.

Property ID:PT-40096811-AXZR

Offer Type:For Sale

Property Type:Mixed Use

Price: 2,200,000 $

Year Built:1890

Listing Details

Status: Active

Location

County: Union

Lotsize: 50X100

Lot Description: Corner, Level Lot

Property Type: Mixed Use, Restaurant/Bar

Lot Identifier: 56

Home Details

Location: Corner

Acreage: 0.12

Sale Includes: Building & Business, Equipment, Operating Licenses

Construction: Brick/Block

Exterior Description: Brick/Block

Roof Description: Asphalt Shingle

Number of Stories: 2

Number of Units: 3

Number of Lavatories: 6

Max Ceiling Height: 9

Floors: Laminate, Tile, Vinyl-Linoleum

Building SqFt: 5000

Color of Building: brick/beig

Parking Desc: None, On-Street Parking

Easement/Desc: No

Basmnt/Desc: Yes - Finished-Partially, Full

YB/Desc: 1890 - Approximate

Block Identifier: 679

County Number: 29

Town Number: 2904

Possession: At closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Ownership: Fee Simple

Tax ID For Property: 2904-00679-0000-00056-0000-

Tax Amount: $27,350.00

Tax Year: 2025

Tax Rate: 2.017%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $180,000.00

Building Assessment: $1,176,000.00

Total Assessment: $1,356,000.00

Utilities

Equipment Available: Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Private, Smoke Detector, Storage Area(s)

Heat Source: Gas-Natural

Heat System: 3 Units, Forced Hot Air

Cool System: 3 Units

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

Services: Cable TV

Other

Permitted Use: TAVERN/RESTAURANT

Zoning: R-3A

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Listing Details

461 Marshall St,Elizabeth City, NJ 07206-2606

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