Seize this rare opportunity to own a fully operational, income-generating mixed-use property in the heart of vibrant Elizabeth Ave, one of Elizabeth, NJ's most desirable and bustling locations. This sale includes both the real estate and a thriving restaurant business with strong annual profits, offering an ideal investment for entrepreneurs… Read More and investors alike. Restaurant - Fully renovated in 2022, this turnkey restaurant comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The business is in full operation and it has been in operations for twenty plus years, generating impressive annual profits. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. Residential Unit - A spacious three-bedroom apartment featuring one full bathroom, an eat-in kitchen, and a comfortable living room, perfect for rental income. Currently on a 1 year lease at $2,800 per month. Situated in the heart of Elizabeth Ave, a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. Don't miss your chance to own a profitable restaurant and income-producing property in one of Elizabeth's most dynamic areas. Read Less
Courtesy of 3SIXTY REALTY LLC.
Listing Snapshot
Days Online
307
Last Updated
Property Type
Other
Square Ft.
2,534
Lot Size
0.05 Acres
Year Built
1900
MLS Number
3978837
30 Days Snapshot Of 07201
$485k
+5%
(avg) sold price
2
+100%
homes sold
80
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Storage, Yes
Building
Built in 1900, Renovated in 2022
Cooling
1 Unit, Central Air
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 2 Units, Baseboard - Hotwater, Forced Hot Air
Lot
Approximate Lot Size: 21.20X100, 0.05 acres
Property
2,534 sqft building, 2 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $11,903, Tax Rate: 1.924
Utilities
Gas-Natural
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
Confirm your time
Fill in your details and we will contact you to confirm a time.
