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    503 Elizabeth Ave Elizabeth, NJ 07206

    Under Contract
    For Sale
    $899,000

    Commercial - Elizabeth, NJ

    Property size:
    2,400 SF
    Days on Market:
    829
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 503 Elizabeth Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MIXED
    Size
    2,400 SF

    Building Details

    Year built
    1920
    Architectural style
    Other

    Century 21 Supreme Realty (908) 272-8337 x37 [email protected]

    Listing agent Eugene Wisniewski 9082728337x37

    Listing date Sep 9, 2023

    MLS# 1910770 Listing URL

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

    Overview

    Elizabeth Avenue Retail Opportunity

    This commercial property is located on Elizabeth Avenue in Elizabeth, NJ. The property is suitable for retail use and includes a high-revenue business. The existing business features 27 refrigerator door fronts, computer systems, and a security monitoring system, as well as lottery machine and ATM access. The building has a finished basement with an area of 1800 square feet. Approved building plans for second-floor apartments are included in the sale. The property size is 2400 square feet and is located in an area zoned as MIXED.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    America Liquors Wine Store

    Suggested Use

    Law Firm Realty agency Restaurant 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.

    Similar Places Nearby

    First Avenue Deli & Supermarket Inc., Mecho Supermarket, Super El Rey Supermarket, Elizabeth Mini Market, Superfood Marketplace - Elizabeth, NJ

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1979269
    Latitude
    40.6543854

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property with high revenue business and approved expansion plans.
    Where is this grocery and convenience store located?
    The property is located at 503 Elizabeth Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High Revenue Business Included: Benefit from an established business with modern equipment, including 27 refrigerator door fronts, computer systems, security, lottery, and ATM for immediate income.; - Prime Elizabeth Ave Location: Enjoy high visibility and accessibility in this choice location.; - Approved Building Plans for 2nd Floor Apartments: Expand your investment with additional residential units.
    (908) 272-8337
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    503 Elizabeth Ave Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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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
    503 Elizabeth Ave Elizabeth, NJ 07206
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