Mixed-Use Building with Restaurant
335 Elizabeth Ave Elizabeth, NJ 07206
335 Elizabeth Ave, Elizabeth, NJ, 07206
$800,000
For Sale
$800,000
Mixed-use building featuring a restaurant and residential units.
Property Size3,166 SF
Price / SF$252.68
Days on Market428
Property Features for 335 Elizabeth Ave
General Information
- Standard status
- Active
- Size
- 3,166 SF
Building Details
- Year Built
- 1915
Listing Agency
CHRISTIE'S INT. REAL ESTATE GROUP
Listed by
JIGSAW ARCELA
Source
Corcoran
Added: May 20, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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
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.
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 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sabor frito
Restaurant
Blue Wave Productions
Music Venue
Similar For Sale Nearby
FAQs
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.
