Mixed-Use Building in Elizabeth
335 Elizabeth Ave, Elizabeth, NJ 07206
- Added:
- Apr 9, 2026
- Days on Market:
- 52
- Last Refresh:
- May 30 at 9:06 pm
Property Features for 335 Elizabeth Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Pending
- Size
- 3,166 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15242
Utilities
- Heating system
- Baseboard
- Cooling system
- Multi Units
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Block, Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent ALEKSANDAR RISTOVIC
Listing office REAL 165 PASSAIC AVE, Haddon Township, NJ (855) 450-0442
Listing date Apr 9, 2026
MLS# 4019598
Listing URL
Copyright © 2026 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.
HighLights
- Mixed‑use building: Ground floor retail/commercial space with residential units above.
- Investment/Owner‑user opportunity.
- Three total units.
- Two residential units, each with 4 bedrooms and 1 bath.
- Ground floor currently configured for restaurant use.
- Building constructed of block and brick.
Overview
This mixed-use building in Elizabeth City, NJ, presents an investment or owner-user opportunity. The property features a ground-floor retail/commercial unit currently used as a restaurant. The second and third floors each contain a residential unit with 4 bedrooms and 1 bath. The property size is 3,166 square feet and the lot size is 0.06 acres. The zoning is Mixed Use.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.6k | $32.40 |
| − Vacancy | −$4.9k | −$1.56 |
| EGI | $97.7k | $30.84 |
| − OpEx | −$43.9k | −$13.88 |
| NOI | $53.7k | $16.96 |
3,166 SF · lease $32.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$767.3K
$671.4K – $895.2K
NOI $53,710 @ 7.0% cap · market cap 8.95%
Second Best
Specialty Retail
$723.1K
$632.8K – $843.7K
NOI $50,620 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,087 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Sabor frito
Restaurant
Blue Wave Productions
Music Venue
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.19543
- Latitude
- 40.6513
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units for sale.
Where is this mixed-use property located?
The property is located at 335 Elizabeth Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Mixed‑use building: Ground floor retail/commercial space with residential units above.; Investment/Owner‑user opportunity.; Three total units.
