Mixed-use investment opportunity in a rapidly improving Elizabeth neighborhood. Property features four residential apartments and two street-level commercial spaces near the waterfront and major transportation. Residential component includes four 2-bedroom, 1-bath units, all currently leased; two units recently renovated. Commercial component offers: One fully renovated restaurant leased at $3,500/month. Second storefront, formerly Praia da Rocha Fish Market, is now vacant and ready for renovation to suit the next business. Property includes an exclusive driveway with on-site parking, separate residential and commercial entrances, and strong long-term upside supported by surrounding redevelopment and proximity to the Elizabethport waterfront.
265 2nd, Elizabeth City NJ 07206
Property City
Elizabeth City
Property Price
$1,350,000
Year Built
1940
Tax Annual Amount
$23232
TaxYear (*text)
2024
Roof (*text)
Flat
Lot Size Area
0.12
MLS Status
Active
MLS #
4003164
Yearly Tax Rate
1.924
Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Flat
Days On Market
11
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
4
Heating
4+ Units
Lot Size Dimensions
50X100
Data import from
GSMLS