Rare opportunity to acquire an income-producing mixed-use commercial property, established automotive business, residential rental, and static billboard advertising at 1038 Elizabeth Avenue in Elizabeth, NJ. Positioned on a highly visible corner along a busy commercial corridor, this unique offering provides multiple potential revenue streams within one asset. The ground-floor automotive… Read More facility is equipped with five vehicle lifts, service/work areas, office space, and a half bath, offering an excellent opportunity for an owner-operator or investor. The upper level features a spacious 3-bedroom residential apartment with a full bath, kitchen, and living area, providing additional rental income. Static billboard advertising adds another potential source of revenue while capitalizing on the property's strong street exposure and visibility. Approximately 2,800 SF, this mixed-use asset offers flexibility for continued operations, investment, or owner occupancy. Conveniently located near major highways, Newark Liberty International Airport, Port Newark-Elizabeth, shopping, transportation, and surrounding businesses. A unique opportunity to own the real estate while benefiting from commercial, residential, and advertising income potential. Buyer to verify all uses, income, zoning, billboard rights/permits, and property information. Read Less
Courtesy of BHGRE ELITE.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Square Ft.
3,488
Lot Size
0.06 Acres
Year Built
1928
MLS Number
4045821
30 Days Snapshot Of 07201
$520k
+45%
(avg) sold price
1
-66%
home sold
149
+88%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Bilco-Style Door, Walkout, Yes
Building
Built in 1928
Cooling
See Remarks
Exterior Features
Brick/Block
Floors
Concrete, Tile, Wood
Garage
8 garage spaces
Water Features
Public Water
Heating
Electric, Gas-Natural, 1 Unit
Lot
Approximate Lot Size: 30X90, 0.06 acres
Owner Pays
Sewer
Property
3,488 sqft building, 2 units
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $11,708, Tax Rate: 2.017
Tenant Pays
See Remarks
Utilities
Gas-Natural
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All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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