Elizabeth Avenue Retail Opportunity

503 Elizabeth Avenue, Elizabeth, NJ 07206

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For Sale

Under Contract

$899,000

COMMERCIAL - Elizabeth, NJ

Property size:

2,400 SF

Price / SF:

$374/SF

HighLights

High Revenue Business Included: Benefit from an established business with modern equipment, including 27 refrigerator door fronts, computer systems, security, lottery, and ATM for immediate income.
Prime Elizabeth Ave Location: Enjoy high visibility and accessibility in this choice location.
Approved Building Plans for 2nd Floor Apartments: Expand your investment with additional residential units.
1800 Sq Ft Finished Basement: Additional usable space for storage, operations, or expansion.
Business/Building Combo: Purchase includes both the real estate and the operating business.
Year Built 1920: Historic building with potential character and charm.

We can help!

Listing Contact

Luis Pupo

Learn more

For Sale

Under Contract

$899,000

COMMERCIAL - Elizabeth, NJ

Property size:

2,400 SF

Price / SF:

$374/SF

Added:: Nov 7, 2018
Days on Market:: 2774
Last Refresh:: Jun 12 at 5:06 pm

Property Features for 503 Elizabeth Avenue

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: MIXED
Interior features: Refrigeration
Appliances: Refrigeration
Standard status: Active Under Contract
Size: 2,400 SF

Taxes and HOA fees

Tax Year: 2018
Tax Annual Amount: 9454

Utilities

Sewer type: Public Sewer
Heating system: Forced Air
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1920
Floors in Building: 1
Flooring type: Tile
Building materials: Stucco, Wood Siding
Roof type: Flat

We can help!

Listing Contact

Luis Pupo

Listing agent Luis Pupo

Listing office SUPREME REALTY C-21 115 Miln Street, Cranford, NJ

Listing date Nov 7, 2018

MLS# 1910770 Listing URL

HighLights

High Revenue Business Included: Benefit from an established business with modern equipment, including 27 refrigerator door fronts, computer systems, security, lottery, and ATM for immediate income.
Prime Elizabeth Ave Location: Enjoy high visibility and accessibility in this choice location.
Approved Building Plans for 2nd Floor Apartments: Expand your investment with additional residential units.
1800 Sq Ft Finished Basement: Additional usable space for storage, operations, or expansion.
Business/Building Combo: Purchase includes both the real estate and the operating business.
Year Built 1920: Historic building with potential character and charm.

Overview

This commercial property is located on Elizabeth Avenue in Elizabeth, NJ. The property is suitable for retail use and includes a high-revenue business. The existing business features 27 refrigerator door fronts, computer systems, and a security monitoring system, as well as lottery machine and ATM access. The building has a finished basement with an area of 1800 square feet. Approved building plans for second-floor apartments are included in the sale. The property size is 2400 square feet and is located in an area zoned as MIXED.

Location Intelligence

Current Use by Public Records

America Liquors Specialty Food Shop

Suggested Use

Similar Places Nearby

First Avenue Deli & Supermarket Inc. — 454 1st Ave, Elizabeth, NJ 07206
Mecho Supermarket — 233 Second St, Elizabeth, NJ 07206
Super El Rey Supermarket — 80 3rd St, Elizabethport, NJ 07206
Elizabeth Mini Market — 430 Elizabeth Ave, Elizabeth, NJ 07206
Superfood Marketplace - Elizabeth, NJ — 50 1st St, Elizabeth, NJ 07206

Location Insight

Map
Local Demand

City: Elizabeth
County: Union
State: New Jersey
Longitude: -74.1979269
Latitude: 40.6543854

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For sale
Grocery and convenience stores
NJ
Elizabeth
07206
503 Elizabeth Avenue

What type of property is this?

Grocery and convenience store - Retail property with high revenue business and approved expansion plans.

Where is this grocery and convenience store located?

The property is located at 503 Elizabeth Avenue Elizabeth, NJ.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: High Revenue Business Included: Benefit from an established business with modern equipment, including 27 refrigerator door fronts, computer systems, security, lottery, and ATM for immediate income.; Prime Elizabeth Ave Location: Enjoy high visibility and accessibility in this choice location.; Approved Building Plans for 2nd Floor Apartments: Expand your investment with additional residential units.

503 Elizabeth Avenue, Elizabeth, NJ 07206

COMMERCIAL - Elizabeth, NJ

Property Features for 503 Elizabeth Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Established Restaurant and Lounge Business

Mixed-Use Commercial and Residential Building

Mixed-Use Corner Property For Sale

Mixed-Use Investment Opportunity in Elizabeth

Renovated Mixed-Use Building in Elizabeth

Multi-Family Home in Elizabeth City

Mixed-Use Investment Opportunity

Mixed-Use Property with Restaurant Income

Custom-Built Multifamily Near Kean University

Turnkey Bar and Restaurant Opportunity

Mixed-Use Property with Auto Shop

Mixed-Use Property on Elmora Avenue

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