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    320-326 Elizabeth Ave Elizabeth, NJ 07206

    Sponsored
    For Sale
    $2,000,000

    Prime 0.27-acre commercial lot in Elizabeth, NJ.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.27-acre commercial land parcel, located at 320-326 Elizabeth Avenue in Elizabeth, Union County, New Jersey (zip code 07206), presents a unique investment opportunity. The property is zoned C2, offering considerable flexibility for development. Previous approvals exist for the construction of a ±4,000 square foot building, streamlining the permitting process for prospective buyers or lessees. The asking price for this vacant lot is $2,000,000. Situated at 40.6509109 latitude and -74.1950884 longitude, this location benefits from excellent accessibility and visibility. Importantly, the property is not located within a flood zone, mitigating potential risks associated with natural disasters. Annual property taxes are $8,863. This property is available for both sale and lease, providing options to suit diverse investment strategies. Serious inquiries are encouraged to explore the potential of this strategically located commercial land. The property's size and zoning make it ideal for a variety of commercial uses.

    Property Features for 320-326 Elizabeth Ave

    General Information

    Property type
    Land
    Lot Size
    11,761 SF

    HighLights

    • Property taxes: $8,863 annually.
    • C2 zoning.
    • Previously approved for ±4,000 SF building.
    • Not located in a flood zone.
    • Available for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1950884
    Latitude
    40.6509109

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    FAQs

    What type of property is this?
    Land - Prime 0.27-acre commercial lot in Elizabeth, NJ.
    Where is this land located?
    The property is located at 320-326 Elizabeth Ave Elizabeth, NJ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Property taxes: $8,863 annually.; C2 zoning.; Previously approved for ±4,000 SF building.
    Request Owner's contact information
    320-326 Elizabeth Ave Elizabeth, NJ 07206
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    Elizabeth, NJ 07206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    320-326 Elizabeth Ave Elizabeth, NJ 07206
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