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Retail Storefront with Upstairs Apartment
For Sale
$675,000

338 Morris Ave, Elizabeth, NJ 07208

Barbershop storefront with a large 3-bedroom apartment above, offered easy to show and ready to go.

Days on Market46

Property Features for 338 Morris Ave

General Information

Standard status Active
Property subtype Multi Family

Building Details

Year Built 1925
Listing Agency: ALLIGATOR PROPERTY MANAGEMENT LLC
Listed By: EMERSON AMADOR
Source: Elliman
Added: Jun 15 Changed: Jul 10 Last Checked: Jul 30 at 10:36AM

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 ALLIGATOR PROPERTY MANAGEMENT LLC

Investment Insights

Based on property information with market context.

This mixed-use property features a storefront currently operating as a barbershop, with a large 3-bedroom apartment positioned above the commercial space. The offering is described as easy to show and ready to go, making it suitable for an owner-operator or buyer looking to occupy the residential unit while maintaining retail income potential.

Located at 338 Morris Ave in Elizabeth City, NJ 07208, the property benefits from walkable and transit-accessible surroundings, with provided WalkScore of 88, TransitScore of 60, and BikeScore of 51. These scores indicate a neighborhood layout that supports convenient daily access for residents and customers.

For tenants, buyers, and brokers evaluating live/work or multi-use configurations, the vertical arrangement—3-bedroom apartment over an operating storefront—offers a straightforward way to combine everyday living with a street-level business presence. The current barbershop use provides immediate operating familiarity, while the easy show status supports efficient due diligence for qualified parties.

Key Highlights

  • Year built: 1925
  • Barbershop storefront with a large 3‑bedroom apartment above
  • Current use includes a barbershop (upper unit is separate living space)

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Veterinary Clinic Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,647
Businesses Nearby
161k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 45% Shops & Services 36% Apparel 16% Electronics 4%
Wendy's Dining
22,174 visits/mo 0.4 miles
Shoppers World Apparel
15,617 visits/mo 0.5 miles
Wells Fargo Shops & Services
14,988 visits/mo 0.2 miles
TD Bank Shops & Services
12,553 visits/mo 0.5 miles
IHOP Dining
11,240 visits/mo 0.4 miles

Demographics for 07208, NJ

33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value

Market

Properties on Market for Residential income properties in Elizabeth

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Residential income property - Barbershop storefront with a large 3-bedroom apartment above, offered easy to show and ready to go.
Where is this residential income property located?
The property is located at 338 Morris Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Year built: 1925; Barbershop storefront with a large 3‑bedroom apartment above; Current use includes a barbershop (upper unit is separate living space)
More about this property
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