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552 Elizabeth Ave, Elizabeth City, NJ 07206
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$549,000
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Home Details for 552 Elizabeth Ave
Price
$549,000
Type
Commercial/Industrial
Year Build
1900
Lot Size
0.09
County
Union
Tax
$18,932
MLS®️ Listing#
3957429
On exitrealty.com
134 days
Property Description
Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.
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Listing Courtesy: EXP REALTY, LLC - 866-201-6210
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2025 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
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EXIT REALTY LUCKY ASSOCIATES (ELIZABETH)
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$549,000
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EXIT REALTY LUCKY ASSOCIATES (ELIZABETH)
640 Newark Ave., Elizabeth, NJ 07208