Elizabeth, NJ 07206,552 Elizabeth AVE #554
$600,000
$549,900
9.1%
Est.Price: ?

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5,550 SqFt

552 Elizabeth AVE #554 Elizabeth, NJ 07206

Est. payment /mo
SOLD DATE : 05/15/2025

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Christina "Chrissy Keys" Gelpi

Christina "Chrissy Keys" Gelpi

+1(732) 485-9393

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 5,550 sqft

Price per Sqft $108

MLS Listing ID 2512042R

Sold Date 05/15/25

Year Built 1964

Annual Tax Amount $18,147

Tax Year 2023

Lot Size 3,750 Sqft

Acres 0.0861

Lot Dimensions 100.00 x 0.00

Property Sub-Type Commercial

Source CJMLS API

Property Description

Value-Add Mixed-Use Opportunity in Red-Hot Elizabethport! 552-554 Elizabeth Ave offers stable income today with huge upside for tomorrow. This mixed-use building features 2 spacious 2-bed/1-bath units, 1 non-conforming 1-bed unit, and a commercial space currently used as an auto repair shop. Long-term tenants mean under-market rents, leaving room for increased cash flow. Property presents a rare chance for potential redevelopment into a higher-density multi-unit mixed-use property (buyer to verify). With over 30 years under one owner, this is the kind of investment that doesn't come around often, ideal for investors or developers looking to capitalize on the area's explosive growth. Sold as-is. Buyer is responsible for due diligence.

Location

State NJ

County Union

Zoning Mixed

Interior

Interior Features See Remarks

Heating See Remarks

Cooling Window Unit(s)

Flooring See Remarks

Heat Source Natural Gas

Exterior

Utilities Available Natural Gas Connected

Roof Type Flat

Total Parking Spaces 2

Building

Lot Description Commercial Area

Story 2

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0400657000000004

Energy Description Natural Gas

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Central Jersey MLS (CJMLS)
Listed by EXP REALTY, LLC

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agent

Christina "Chrissy Keys" Gelpi

Agent | License ID: 1329223

+1(732) 485-9393

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