Mixed-Use Building with Restaurant
For Sale
$800,000
335 Elizabeth Ave, Elizabeth, NJ 07206
Mixed-use building featuring a restaurant and residential units.
Property Size3,166 SF
Price / SF$252.68
Days on Market520
Property Features for 335 Elizabeth Ave
General Information
Standard status
Active
Size
3,166 SF
Taxes and HOA fees
Annual Taxes
$14,539
Building Details
Year Built
1915
Listing Agency:
CHRISTIE'S INT. REAL ESTATE GROUP
Listed By:
JIGSAW ARCELA
Source:
Corcoran
Added: May 20, 2025
Changed: Mar 16
Last Checked: Aug 25 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHRISTIE'S INT. REAL ESTATE GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building offers an investment or owner-user opportunity. The property consists of three units. The ground floor is designed for retail or commercial use and is currently configured as a restaurant. The second and third floors each contain a residential unit, with each unit featuring four bedrooms and one bathroom. The property has a total size of 3166 square feet.
Key Highlights
- Mixed‑use building with retail/commercial space and residential units.
- Ground floor retail/commercial unit suitable for restaurant use.
- Two residential units on the 2nd and 3rd floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,710
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,200
$1.1M
Cap Rate 7%
$767,286
$767.3K
Cap Rate 9%
$596,778
$596.8K
Market Conditions
NOI Build-Up for 3,166 SF
Gross rent
$102.6K $32.40/SF
− Vacancy
−$4.9K −$1.56/SF
EGI
$97.7K $30.84/SF
− OpEx
−$43.9K −$13.88/SF
NOI
$53.7K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,200
Cap Rate 7%
$767,286
Cap Rate 9%
$596,778
Alternative Uses
Best Use
Apartment 5plus
$767.3K
$671.4K – $895.2K
NOI $53,710 @ 7.0% cap · market cap 6.71%
Second Best
Specialty Retail
$723.1K
$632.8K – $843.7K
NOI $50,620 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,087 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring a restaurant and residential units.
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 $800,000.
What are key features of this property?
This property features: Mixed‑use building with retail/commercial space and residential units.; Ground floor retail/commercial unit suitable for restaurant use.; Two residential units on the 2nd and 3rd floors.
