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    1003 Monroe Ave Elizabeth, NJ 07201

    For Sale
    $42,000

    Business - Elizabeth City, NJ

    Property size:
    550 SF
    Days on Market:
    18
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 1003 Monroe Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    550 SF

    Building Details

    Architectural style
    Other

    AMERICA'S ELITE GROUP LLC. (551) 239-1488 [email protected]

    Listing agent GRACE S. MANCIAS (201) 432-1600

    Listing date Nov 19, 2025

    MLS# 3981309 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Hair Salon Opportunity

    This is an opportunity to acquire a well-established hair salon located in a desirable neighborhood of Elizabeth, New Jersey. Situated on a busy corner, the property is conveniently located just 2 minutes from Route 1 and 5 minutes from Newark International Airport. The salon has operated for over 10 years and is known for its consistent service and loyal clientele. The 550 square foot space is fully equipped, featuring two private rooms suitable for massages or waxing, three styling stations, and one hair wash station. The salon is modern, well-maintained, and continually updated with quality salon equipment. The business offers strong cash flow with the potential for increased revenue through the addition of more services and expanded marketing efforts. A skilled and experienced staff is currently in place and may be willing to remain with a new owner, facilitating a smooth transition. This turnkey operation is located in a well-populated area.
    Location Intelligence

    Current Use by Public Records

    Solo Wax Center ... Waxing Hair Removal Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.19908
    Latitude
    40.68342

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    FAQs

    What type of property is this?
    Retail space - Turnkey hair salon for sale in Elizabeth, New Jersey.
    Where is this retail space located?
    The property is located at 1003 Monroe Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: - Profitable, turnkey hair salon business opportunity.; - Established business (10+ years) with a loyal clientele and excellent reputation.; - Prime location on a busy corner in a desirable neighborhood of Elizabeth, NJ, near major transportation routes.
    (201) 432-1600
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    1003 Monroe Ave Elizabeth, NJ 07201
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    Elizabeth, NJ 07201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 Monroe Ave Elizabeth, NJ 07201
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