Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1038 Elizabeth Ave Elizabeth, NJ 07201

    For Sale
    $1,498,750

    Mixed-use property with mechanic shop and apartment in Elizabeth.

    Lot size:
    0.06 Acres

    Property Features for 1038 Elizabeth Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1920

    Source: REALTY ONE GROUP LIFESTYLE HOMES Agent OLIVER KRUCZKOWSKI

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in High-Traffic Area

    This mixed-use property is located in a high-traffic area of Elizabeth. The property includes a mechanic shop equipped with a small office, half bath, and 5 car lifts. The shop is situated on a visible corner, offering business exposure. The upstairs apartment features 3 bedrooms, 1 full bathroom, a kitchen, and a living room. This setup is suitable for generating rental income or for on-site living. Lifts, tools, appliances, and other business equipment are negotiable. The property is suited for business owners, investors, or those seeking a combined work and living space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lau's Auto Services Auto Repair Shop

    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

    Formula One Auto Repair, Gomes Fleet Services Truck & Trailer Repair 24/7, Dlg, Max Jսnk N Tоw Co, BM Auto Group

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2089774
    Latitude
    40.6608784

    Nearby Similar for Sale

    • $625,000
      0.06 Acres

      Elizabeth City Multi-Family Property

      Multi-family property for sale in Elizabeth City, New Jersey.
      931 Anna St, Elizabeth, NJ 07201
      View Details
    • $750,000
      Pending

      Well-Maintained Multi-Family Home

      Impeccably maintained 2-family home with finished attic and basement.
      1432 Lexington Pl, Elizabeth, NJ 07208
      View Details
    • New
      $629,900
      1,732 SF

      Two-Family Home, Elizabeth Port

      Spacious two-family home with rental income potential near transportation.
      327 Fulton St, Elizabethport, NJ 07206
      View Details
    • New
      $649,000
      2,160 SF

      Renovated Two-Family Home Near EWR

      Turn-key investment opportunity near Newark Airport and major transportation.
      216 Delaware St, Elizabethport, NJ 07206
      View Details
    • $749,000

      Income-Generating Multi-Family Home

      Two-family home with bonus unit in desirable Peterstown section.
      336 John St, Elizabeth, NJ 07202
      View Details
    • $880,000
      Pending

      Well-Maintained Multi-Family Home

      Two-family home in Elmora, Elizabeth with income potential.
      118 Murray St, Elizabeth, NJ 07202
      View Details

    FAQs

    What type of property is this?
    Auto shop - Mixed-use property with mechanic shop and apartment in Elizabeth.
    Where is this auto shop located?
    The property is located at 1038 Elizabeth Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,498,750.
    What are key features of this property?
    This property features: - High-traffic corner location provides excellent business exposure.; - Mixed-use property: mechanic shop with apartment above.; - Mechanic shop is well-equipped with 5 car lifts.
    (908) 291-1300
    Request Owner's contact information
    1038 Elizabeth Ave Elizabeth, NJ 07201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1038 Elizabeth Ave
    Elizabeth, NJ 07201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1038 Elizabeth Ave Elizabeth, NJ 07201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.