554 Elizabeth Avenue
Elizabeth, New Jersey
$549,000 Price
- Bedrooms   - Baths

Contract Signed

Prime Mixed-Use + Redevelopment Opportunity in Elizabethport! 552-554 Elizabeth Ave is a cash-flowing mixed-use property featuring 2 large 2-bed/1-bath apartments, 1 non-conforming 1-bed unit, and a commercial space currently operating as an auto repair shop. Held by the same owner for over 30 years, all units are rented with...

Prime Mixed-Use + Redevelopment Opportunity in Elizabethport! 552-554 Elizabeth Ave is a cash-flowing mixed-use property featuring 2 large 2-bed/1-bath apartments, 1 non-conforming 1-bed unit, and a commercial space currently operating as an auto repair shop. Held by the same owner for over 30 years, all units are rented with under-market rents, offering excellent value-add potential. Situated on a double lot and zoned R-4, the property may allow for redevelopment into a larger mixed-use building, multi-family, or townhouse-style units (subject to city approvals). Just blocks from the Elizabeth waterfront and transit to NYC, this is a rare opportunity to increase rents or reposition the site entirely in a rapidly growing area. Sold as-is. Buyer to perform all due diligence.

Listing courtesy of Exp Realty Llc, Hector Rojas 8662016210

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Contract Signed
Elizabeth, New Jersey
Type:
Price: $549,000
Date Listed: 4/17/2025
Last Updated: 4/25/2025
Web ID: 325012490

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