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5-Unit Mixed-Use Property
New
For Lease
$1,499,000

149 Elmora Ave, Elizabeth, NJ 07202

Three apartments and two commercial spaces occupy a single property, with all tenants on month-to-month agreements.

Space SizeContact for details
Days on Market3

Property Features for 149 Elmora Ave

General Information

Standard status Active
Property subtype Commercial
Listing Agency: RE/MAX SELECT - Montclair
Listed By: Richard Brito Benjamin () · License #2327380
Source: Fortuneluxuryrealty
Added: Oct 11 Last Checked: Oct 12 at 7:20PM

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 RE/MAX SELECT - Montclair

Investment Insights

Based on property information with market context.

The property combines five units: three residential apartments and two commercial spaces. All tenants have month-to-month agreements, offering flexibility in occupancy arrangements.

Situated on Elmora Avenue in Elizabeth, the property is near restaurants, banks, supermarkets, laundromats, shops, and other established businesses. Newark Liberty International Airport, major highways, and public transportation are also nearby; Manhattan is approximately 30 minutes away.

Key Highlights

  • Five units: 3 residential apartments and 2 commercial spaces
  • All tenants are on month‑to‑month agreements
  • Located at 149 Elmora Ave in Elizabeth, NJ

Property Analytics

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Current Use

Locker Room Couture (Bike/Boat/Book/etc) Store Union Multiservices Bank Vigo Bank

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Store Veterinary Clinic Nursing Home 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,495
Businesses Nearby
236k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 45% Dining 28% Shops & Services 26%
ShopRite Groceries
65,275 visits/mo 0.4 miles
Food Bazaar Supermarket Groceries
41,340 visits/mo 0.3 miles
Dollar General Shops & Services
25,092 visits/mo 0.2 miles
Wendy's Dining
17,332 visits/mo 0.4 miles
Dunkin' Donuts Dining
16,211 visits/mo 0.2 miles

Demographics for 07202, NJ

43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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?
Mixed-use property - Three apartments and two commercial spaces occupy a single property, with all tenants on month-to-month agreements.
Where is this mixed-use property located?
The property is located at 149 Elmora Ave Elizabeth, NJ.
What is the lease rate?
The lease rate is $1,499,000.
What are key features of this property?
This property features: Five units: 3 residential apartments and 2 commercial spaces; All tenants are on month‑to‑month agreements; Located at 149 Elmora Ave in Elizabeth, NJ
More about this property
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