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    261 2Nd St Elizabeth, NJ 07206

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    For Sale
    $1,300,000

    High-visibility corner property with three income-generating units in revitalizing area.

    Property size:
    6,425 SF

    Property Features for 261 2Nd St

    General Information

    Standard status
    Active
    Size
    6,425 SF

    Building Details

    Year built
    9999

    Source: RE/MAX NEW MILLENNIUM GROUP Agent JOAO A PEREIRA

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

    Overview

    Elizabethport Mixed-Use Investment Opportunity

    This mixed-use property is located in Elizabethport, a growing area near the waterfront and major transportation. The corner property features three income-generating units. There are two commercial storefronts and a 2-bedroom residential apartment. The commercial units are currently leased and operating as a restaurant and a liquor store. The upstairs 2-bedroom apartment has a private entrance. The property is located in a prime corner location with high visibility and foot traffic. The property is 6425 square feet.
    Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Second Street Liquors Liquor Store LibertyX Bitcoin ATM Atm

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1825166
    Latitude
    40.6537403

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility corner property with three income-generating units in revitalizing area.
    Where is this mixed-use property located?
    The property is located at 261 2Nd St Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Three income-generating units: two commercial storefronts (restaurant and liquor store) and a 2-bedroom apartment.; - **Prime corner location with high visibility and steady foot traffic.**; - Turnkey asset in a revitalizing area of Elizabethport.
    Request Owner's contact information
    261 2Nd St Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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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
    261 2Nd St Elizabeth, NJ 07206
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