Listing Details

265 2nd St,Elizabeth City, NJ 07206

  • July 25, 2025

Description

Investment opportunity in one of Elizabeth’s fastest-growing neighborhoods. Featuring four residential apartments and two street-level commercial spaces, this property combines reliable rental income with long-term upside in a revitalizing area near the waterfront and major transit lines. Four 2-bedroom, 1-bath residential units all leased, with two recently renovated. Two commercial storefronts: One fully renovated restaurant space, ready for a new operator or owner-user. The second space, formerly Praia da Rocha Fish Market, is currently leased through December 31, 2025. Exclusive driveway and plenty of on-site parking, a rare find in the area. Separate entrances for residential and commercial tenants. Whether you’re an investor seeking a cash-flowing asset or a business owner looking to operate in a high-foot-traffic area with built-in rental income, this property delivers. Surrounded by ongoing redevelopment and just minutes from the Elizabethport waterfront, this is a rare chance to stake your claim in a rising market.

Details

Last Updated On: July 25th, 2025 at 6:18 am
Property ID:PT-587302-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 1,500,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 50X100
Property Type: Mixed Use
Lot Identifier: 42

Home Details

Subdivision: Elizabeth Port
Location: Corner
Acreage: 0.12
Sale Includes: Building & Land
Renovated: 2025
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Flat
Number of Stories: 3
Number of Units: 6
Number of Lavatories: 7
Available SqFt: 4994
Building SqFt: 4994
Parking Desc: 1 Car Width, Concrete, Driveway-Exclusive
Easement/Desc: Unknown
Basmnt/Desc: Yes - Full, Unfinished
Tenant Pays: Electric, Gas
Owner Pays: Water
Block Identifier: 818
County Number: 29
Town Number: 2904
Possession: Negotiable

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 2904-00818-0000-00042-0000-
Tax Amount: $23,232.00
Tax Year: 2024
Tax Rate: 1.924%
Tax Rate Year: 2024
Land Assessment: $180,000.00
Building Assessment: $1,027,500.00
Total Assessment: $1,207,500.00

Utilities

Equipment Available: Refrigeration Unit, Restrooms - Private
Heat Source: Electric, Gas-Natural
Heat System: 4+ Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Permitted Use: Mixed Use
Zoning: R-3A
Prior Use: Fish Market/Restaurant-Residential

Statistics

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