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Mixed-Use Property with New Ground-Floor Commercial
For Sale
$1,100,000

54 56 2nd St, Elizabeth, NJ 07206

MULTI_FAMILY - Elizabeth City, NJ

Property SizeContact for details
Lot Size0.05 Acres
Days on Market294

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 3, Bedroom 4, Bathroom 2, Basement, Bedroom 5, Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 3
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: Aug 4 Last Checked: Aug 9 at 9:06PM
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.

54-56 2nd St, Elizabeth City, NJ 07206 presents a mixed-use building currently under construction with a brand-new commercial space on the first floor. The commercial unit is described as having an open-concept layout and is delivered with modern finishes and a flexible design that can support a range of retail, office, professional services, or other business uses.

The upper levels include two residential apartments. Each apartment is laid out with 3 bedrooms and 2 full bathrooms, with comfortable living spaces intended for strong rental potential.

Additional property details include a 0.05-acre lot, year built 2025, forced air heating, central air cooling, public water, public sewer, and a shingle roof.

Key Highlights

  • First‑floor commercial space with open‑concept layout, delivered with modern finishes
  • Two residential apartments, each with 3 bedrooms and 2 full bathrooms
  • Under construction, year built 2025

Property Analytics

Current Use

Duplexes

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.

Location Intelligence

Trade Area within ½ mile

942
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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Under construction mixed-use property with new first-floor commercial space and two residential apartments with three bedrooms each.
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, delivered with modern finishes; Two residential apartments, each with 3 bedrooms and 2 full bathrooms; Under construction, year built 2025
More about this property
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