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    515 Jackson Ave Elizabeth, NJ 07201

    For Sale
    $1,450,000

    Mixed-use property with bar/restaurant, residential units, and liquor license.

    Lot size:
    0.07 Acres

    Property Features for 515 Jackson Ave

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    1914

    Source: KELLER WILLIAMS CITY VIEWS REALTY Agent ANDREA ALUMMOOTIL

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

    Overview

    Mixed-Use Property on Elizabeth Avenue

    This mixed-use property is located on Elizabeth Avenue and features a fully equipped bar/restaurant on the ground floor. The commercial space includes an active liquor license, suitable for continued commercial use or adaptable to various business ventures. Above the commercial space are two residential units, each featuring 2 bedrooms, offering rental income potential. A full basement provides storage or expansion possibilities. The property is located in the heart of the business district, surrounded by local shops, public transportation, and major roadways. It is suitable for investors or owner-occupants seeking returns in a commercial corridor. The property is being sold as-is.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ten Bar & Grill ... Bar & Grill

    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

    Nardone's Angels, XL Nightlife, archi, Carnival Room, The Port Tavern

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2035297
    Latitude
    40.6715367

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    FAQs

    What type of property is this?
    Bar - Mixed-use property with bar/restaurant, residential units, and liquor license.
    Where is this bar located?
    The property is located at 515 Jackson Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Active liquor license included with the fully equipped ground-floor bar/restaurant.; - Two spacious 2-bedroom residential units above the commercial space offer rental income potential.; - Prime location in the heart of the business district on vibrant Elizabeth Avenue.
    (201) 592-8900
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    Elizabeth, NJ 07201
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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
    515 Jackson Ave Elizabeth, NJ 07201
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