247 Elm Ave Rahway, NJ 07065-3220

Property Details for 247 Elm Ave

Year built

1920

Construction

FRAME

Lot size

0.31 lot acres

Property size

2,516 SF

Property type

Commercial real estate

APN

13 00151-0000-00003

APU

1300151000000003

Description

This exceptional mixed-use property, located at 247 Elm Ave in Rahway, NJ, presents a unique investment opportunity. The 3,650 square foot building sits on a 0.1-acre lot and is currently configured as a funeral home, offering significant potential for various commercial uses. The property features two distinct units. The ground floor commercial space encompasses approximately 1692 square feet above grade, including a large office, hallway leading to a viewing area and chapel, and a half bath. A finished basement adds further usable space, featuring two rooms, a half bath, and a utility room. Recent updates include a new direct hot water heater and two furnaces, along with mini-split heating and cooling systems on the first floor. Above the commercial space, a spacious residential unit spans the second and third floors, totaling approximately 1961 square feet. The second floor includes a living room, a large eat-in kitchen, two bedrooms, and a full bath. The third floor offers an additional living room, a bedroom, a storage area, and a full bath. Exterior features include a two-car garage, a parking lot, a wheelchair ramp, and attractive landscaping. The property is offered at $725,000. The business operating within the building is available for separate purchase under separate MLS listings.

Location Insight

City

Rahway

County

Union

State

New Jersey

Longitude

-74.281

Latitude

40.6083

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments