Listing Details

945 Elizabeth Ave,Elizabeth City, NJ 07201-2645

  • September 3, 2025

Description

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.

Details

Last Updated On: September 3rd, 2025 at 1:38 pm
Property ID:PT-1379395-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 1,595,000 $
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 21.20X100
Property Type: Mixed Use
Lot Identifier: 44

Home Details

Location: Business District
Acreage: 0.05
Sale Includes: Building & Business, Equipment, Inventory
Renovated: 2022
Construction: Wood
Exterior Description: Vinyl Siding
Roof Description: Flat
Number of Stories: 2
Number of Units: 2
Number of Lavatories: 4
Available SqFt: 2534
Building SqFt: 2534
Parking Desc: On-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Storage
YB/Desc: 1900 - Approximate
Block Identifier: 309
County Number: 29
Town Number: 2904
Possession: Immediately

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 2904-00309-0000-00044-0000-
Tax Amount: $11,903.00
Tax Year: 2024
Tax Rate: 1.924%
Tax Rate Year: 2024
Land Assessment: $210,000.00
Building Assessment: $378,100.00
Total Assessment: $588,100.00

Utilities

Equipment Available: Appliances, Fire Alarm, Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Private, Sign - Building, Smoke Detector
Heat Source: Gas-Natural
Heat System: 2 Units, Baseboard - Hotwater, Forced Hot Air
Cool System: 1 Unit, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Other

Zoning: Retail

Statistics

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