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Mixed-Use Property with Open Commercial Space
For Sale
$1,100,000

54 56 2nd St, Elizabeth, NJ 07206

Multi-Family, 3-Three Story, Elizabeth City, NJ

Property SizeContact for details
Lot Size0.05 Acres
Days on Market348

Property Features for 54 56 2nd St

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 6, Bedroom 6, Bathroom 5, Bedroom 3, Basement, Bathroom 2
Parking 1
Directions right on Monsignor Kemezis Pl turn right into second st
Standard status Active
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2481

Utilities

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

Building Details

Year built 2025
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: VOX REALTY · Century 21 Real Estate
Listed By: CINTIA D URSO · License #296973
Added: Oct 20, 2025 Changed: Sep 15 Last Checked: Oct 2 at 2:06PM
MLS# 3993552

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property is under construction with a new commercial component at street level and two residential apartments above. The first-floor business space has an open-concept layout, modern finishes, and a flexible design suited to retail, office, professional services, or other business uses described for the property.

Each upper-level apartment includes 3 bedrooms and 2 full bathrooms, creating a total of six bedrooms and four full bathrooms across the residential portion. The building is scheduled as a 2025 construction property on a 0.05-acre parcel at 54–56 2nd St in Elizabeth City, New Jersey. Building systems include forced-air heating, central air, public water, public sewer, and a shingle roof.

Key Highlights

  • First‑floor commercial space with open‑concept layout and modern finishes
  • Two residential apartments, each with 3 bedrooms and 2 full bathrooms
  • 0.05‑acre mixed‑use property at 54 56 2nd St, Elizabeth City, NJ 07206

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Catering Service Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

1,150
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Under-construction mixed-use building with flexible first-floor commercial space and two residential apartments.
Where is this mixed-use property located?
The property is located at 54 56 2nd St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: First‑floor commercial space with open‑concept layout and modern finishes; Two residential apartments, each with 3 bedrooms and 2 full bathrooms; 0.05‑acre mixed‑use property at 54 56 2nd St, Elizabeth City, NJ 07206
More about this property
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