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    FOR SALE
    Mixed-use properties

    261 2Nd St, Elizabeth, NJ 07206

    6,425 SF Built 9999
    Property ID
    US59-2715154-01
    261 2Nd St, Elizabeth, NJ 07206 For Sale 1 / 30
    $1,300,000 6,425 SF
    261 2Nd St, Elizabeth, NJ 07206
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    Property summary
    AI-generated overview

    Excellent investment opportunity in the heart of Elizabethport a vibrant and growing area just minutes from the waterfront and major transportation! This high-visibility corner property features three income-generating units, including two established commercial storefronts and a 2-bedroom residential apartment. Property Features: Prime corner location with great exposure and steady foot traffic. Two commercial units currently leased and operating as a restaurant and a liquor store. Upstairs 2-bedroom apartment with a private entrance ideal for an owner-occupant or to generate additional rental income. This property is perfect for investors seeking a turnkey asset in a revitalizing area, or business owners looking to live and work in one location. With its corner presence and proximity to redevelopment projects in Elizabethport, this is a smart buy with strong upside potential.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 9999
    Total area 6,425 SF
    UPID US59-2715154-01
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • Second Street Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • LibertyX Bitcoin ATM Atm
    3 occupants on record
    Value estimations
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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