Approved Residential Development
For Sale
$3,800,000
501 507 E JERSEY ST Unit 0, Elizabeth, NJ 07206
Fully approved site for a 31-unit residential development in Union County’s active rental market.
Property Size10,000 SF
Price / SF$380
Days on Market166
Property Features for 501 507 E JERSEY ST Unit 0
General Information
Standard status
Active
Size
10,000 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$29,964
Amenities
Window Air Conditioning
3
Vinyl, Concrete, Carpet
Flat
COMM
Parking. Corner Lot.
2 Car Garage, Off Street.
corner lot L shape
Storage Area. Central Business District, Corner.
Listing Agency:
THE ARENDEL GROUP LLC
(908) 764-8610
Listed By:
ROSANGELY NEGRON · License #0569857
(908) 764-8610
Source:
Xome
Added: Feb 24
Changed: Aug 8
Last Checked: Apr 24 at 8:08AM
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 THE ARENDEL GROUP LLC
Investment Insights
Based on property information with market context.
This offering presents a fully approved residential development site for 31 units. The property is being marketed as a streamlined path to construction, suited to buyers looking to move forward with an approved multi-unit plan.
The site is located in Union County within a high-growth corridor, with stated close proximity to transportation, shopping, and major highways.
The package includes the approval for the 31-unit development, positioning the property for buyers prepared to advance through construction planning and execution.
The site is located in Union County within a high-growth corridor, with stated close proximity to transportation, shopping, and major highways.
The package includes the approval for the 31-unit development, positioning the property for buyers prepared to advance through construction planning and execution.
Key Highlights
- Fully approved site for a 31‑unit residential development in Union County’s active rental market
- Corner lot (L‑shaped) in the Central Business District (COMM zoning)
- 2‑car garage plus off‑street parking
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully approved site for a 31-unit residential development in Union County’s active rental market.
Where is this residential land & home lot located?
The property is located at 501 507 E JERSEY ST Unit 0 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Fully approved site for a 31‑unit residential development in Union County’s active rental market; Corner lot (L‑shaped) in the Central Business District (COMM zoning); 2‑car garage plus off‑street parking
