1038 Elizabeth Ave, Elizabeth City NJ 07201-2546

$1,200,000
Active
Elizabeth City

About this home

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.

Taxes & fees

Annual property tax
$11,708
Tax year
2025
Tax rate
2.017

Property details

Year Built
1928
Roof (*text)
Flat
Floors No
Concrete, Tile, Wood
Lot Size Area
0.06
MLS #
4045821

Features & amenities

Year Built (*numeric)
1928
Basement
Yes
Roofing (*text)
Flat
Days on market
26
Basement (*text)
Yes
Cooling (*text)
See Remarks
Garage spaces
8
Heating
1 Unit
Lot dimensions
30X90
Property Location

40.66099, -74.20888

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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