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Mixed-Use Building with Apartments
For Sale
$725,000

173-175 3rd St, Elizabeth, NJ 07206

Street-level commercial space is paired with two upper-floor apartments, each configured with three bedrooms.

Property SizeContact for details
Days on Market42

Property Features for 173-175 3rd St

General Information

Standard status Active
Property subtype Commercial
Zoning R

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Additional Details

Highway Access Yes

Amenities

central air conditioning/heat

Building Details

Year Built 1920
Buildings 1
Stories 2
Units 3
Construction brick
Listing Agency: Bhgre Elite
Listed By: Moshe Wigder
Source: Cammarotarealestate
Added: Sep 16 Changed: Oct 25 Last Checked: Oct 26 at 3:54AM

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 Bhgre Elite

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Investment Insights

Based on property information with market context.

A brick mixed-use building combines a 2,300-square-foot commercial space on the first floor with two apartments above. Each apartment has three bedrooms and an eat-in kitchen. Central air conditioning and heat serve the building, which was built in 1920.

The property is at 173-175 3rd St in Elizabeth City, New Jersey, with R zoning. Newark Liberty International Airport, IKEA, Jersey Gardens Mall, shopping centers, and major highways are described as minutes away.

Key Highlights

  • 2,300‑square‑foot first‑floor commercial space
  • Two apartments, each with three bedrooms and an eat‑in kitchen
  • Central air conditioning and heat throughout the building

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center Dental Office Daycare Center Parking Lot & Garage

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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,286
Businesses Nearby
50k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 98% Dining 2%
BP Shops & Services
18,766 visits/mo 0.1 miles
7-Eleven Shops & Services
10,955 visits/mo 0.5 miles
Family Dollar Shops & Services
9,015 visits/mo 0.1 miles
Santander Bank Shops & Services
6,236 visits/mo 0.5 miles
Family Dollar Shops & Services
3,884 visits/mo 0.4 miles

Demographics for 07206, NJ

30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level commercial space is paired with two upper-floor apartments, each configured with three bedrooms.
Where is this mixed-use property located?
The property is located at 173-175 3rd St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,300‑square‑foot first‑floor commercial space; Two apartments, each with three bedrooms and an eat‑in kitchen; Central air conditioning and heat throughout the building
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