Mixed-Use Property with Restaurant
For Sale
$1,595,000
945 Elizabeth Ave, Elizabeth, NJ 07201
Income-generating property with a thriving restaurant and residential unit.
Property Size2,534 SF
Price / SF$629.44
Days on Market224
Property Features for 945 Elizabeth Ave
General Information
Standard status
Active
Size
2,534 SF
Building Details
Year Built
1900
Listing Agency:
3SIXTY REALTY LLC
Listed By:
JAMILLE HERNANDEZ · License #3468291
(888) 501-6953
Source:
Goldstandardrealty
Added: Mar 5
Changed: Oct 13
Last Checked: Oct 15 at 4:46AM
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 3SIXTY REALTY LLC
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Investment Insights
Based on property information with market context.
This mixed-use property is located in the vibrant Elizabeth Ave area of Elizabeth, NJ. The sale includes the real estate and a fully operational restaurant business that has been in operation for over twenty years, generating annual profits. The restaurant was fully renovated in 2022 and comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. The property also features a three-bedroom apartment with one full bathroom, an eat-in kitchen, and a living room. The apartment is currently on a one-year lease at $2,800 per month. The property is situated in a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. The property size is 2534 square feet.
Key Highlights
- Fully operational, profitable restaurant business included in sale - a true turnkey opportunity with all equipment, furniture, and goodwill.
- Prime location on Elizabeth Ave, offering excellent visibility and accessibility in a high‑traffic area.
- Additional income‑producing three‑bedroom apartment currently leased at $2,800 per month.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,175
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 32%
Electronics 4%
Home Improvements & Furnishings 2%
McDonald's
Dining
39,825 visits/mo
0.4 miles
McDonald's
Dining
17,774 visits/mo
0.5 miles
BP
Shops & Services
15,037 visits/mo
0.4 miles
Dollar General
Shops & Services
13,663 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
10,863 visits/mo
0.5 miles
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-generating property with a thriving restaurant and residential unit.
Where is this mixed-use property located?
The property is located at 945 Elizabeth Ave Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully operational, profitable restaurant business included in sale - a true turnkey opportunity with all equipment, furniture, and goodwill.; Prime location on Elizabeth Ave, offering excellent visibility and accessibility in a high‑traffic area.; Additional income‑producing three‑bedroom apartment currently leased at $2,800 per month.
