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$ 1,200,000
Est. payment | /mo
2,701 SqFt
$ 1,200,000
Est. payment | /mo
2,701 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,701 sqft
Price per Sqft $444
Subdivision Elizabeth Avenue
MLS Listing ID 4045821
Year Built 1928
Annual Tax Amount $11,708
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
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 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.
Location
State NJ
County Union
Zoning C-4
Rooms
Basement Bilco-Style Door, Walkout
Interior
Heating Electric, Gas-Natural
Cooling See Remarks
Flooring Concrete, Tile, Wood
Equipment Appliances, Fire Alarm, Kitchen Area, Lifts, Machinery, Office Equipment, Sign - Roof, Smoke Detector
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 8.0
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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NEARBY SCHOOL & BUSINESS
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