506 W Elizabeth Ave - Storefront Retail/Residential FOR SALE


Elizabeth, NJ 07206
$700,000 USD
973-807-8890
506 W Elizabeth Ave, Elizabeth, NJ for Sale
$700,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | Request Cap Rate

506 W Elizabeth Ave
Elizabeth, NJ 07206


HIGHLIGHTS

  • Two-unit brick building comprising flexible retail and office configurations.
  • Features include private offices, two large open common areas, and 11-foot ceiling heights.
  • Security system, two restrooms, and easement-secured rear parking enhance usability.
  • Central location within Elizabeth City with convenient access to major thoroughfares.
  • Approximately 13 minutes from Newark Liberty International Airport and close to commuter rail stations.
  • Surrounding area hosts mixed commercial activity supporting steady neighborhood demand.

OVERVIEW

This two-unit commercial property presents a versatile investment or owner-user opportunity in the heart of Elizabeth, NJ. Offering approximately 3,560 square feet of adaptable space, the building includes a prominent front retail area, multiple private offices, and two spacious common areas with 11-foot ceilings, enabling flexible layouts for various business needs. The well-maintained brick structure includes two bathrooms, a security system, and rear parking access via easement – all features that enhance functionality for a diverse range of occupiers. Positioned within a vibrant urban district, the property benefits from proximity to major transportation corridors, including Routes 1 & 9, I-78, and the New Jersey Turnpike, ensuring seamless connectivity to Newark Liberty International Airport located only 13 minutes away. Surrounding businesses include retail shops, service providers, and dining establishments, supporting strong customer traffic. This property is ideal for retail operators, professional service firms, or investors seeking a location with sustained demand and multiple business-use options.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

C-2

APN/PARCEL ID

04-00005-0000-00372

ASK ABOUT THIS PROPERTY

Jose TrinidadUnited Real EstateMore Info
973-807-8890

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Jose TrinidadUnited Real EstateMore Info
973-807-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.