320-326 Elizabeth Ave Elizabeth, NJ 07206
- Land
- 0.27 lot acres
Current Use by Public Records
- Land
Property Details for 320-326 Elizabeth Ave
- Lot size
- 0.27 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Union
- State
- New Jersey
- Longitude
- -74.1951
- Latitude
- 40.6509
