Property

Elizabeth City, NJ 07206 261 2nd St

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Presented By: RE/MAX NEW MILLENNIUM GROUP; 908-282-1234
  • MLS# 3965540
  • 05/27/2025
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 4
  • SQFT • 6,425

Home Details

Excellent investment opportunity in the heart of Elizabethport a vibrant and growing area just minutes from the waterfront and major transportation! This high-visibility corner property features three income-generating units, including two established commercial storefronts and a 2-bedroom residential apartment. Property Features: Prime corner location with great exposure and steady foot traffic. Two commercial units currently leased and operating as a restaurant and a liquor store. Upstairs 2-bedroom apartment with a private entrance ideal for an owner-occupant or to generate additional rental income. This property is perfect for investors seeking a turnkey asset in a revitalizing area, or business owners looking to live and work in one location. With its corner presence and proximity to redevelopment projects in Elizabethport, this is a smart buy with strong upside potential.
Presented By: RE/MAX NEW MILLENNIUM GROUP; 908-282-1234

Interior Features for 261 2nd St

Bathrooms

Half Baths4

Other Interior Features

Price Per Sq Ft999.00
Available Sq Ft6425
Num 2 Bdrm Units1
BasementFull
Fuel TypeElectric, Gas-Natural
Total Stories2

General for 261 2nd St

ConstructionSee Remarks
CoolingNo Cool
CountyUnion
DirectionsElizabeth Ave to 2nd St
Documents AvailableLeases, See Remarks
DriveNone
EasementUnknown
Equipment AvailableFixtures, Kitchen Area, Restrooms - Private
Garage Spaces
Gross Income6900
Heating1 Unit, Radiators - Steam
Leasable Area
Lease IncludesBuilding Insurance, Taxes
Lease InformationSee Remarks
LocationCorner
Num Apts1
Number Of Units Total3
OwnerPaysNo Utilities
OwnershipFee Simple
Permitted UseMixed Use
PossessionNegotiable
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount16640
Tax Assessed Value864900
Tax Lot1
Tax Year2024
Tenant PaysElectric, Gas, Water
Town #2904
TownshipElizabeth City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built9999
ZoningComm/Res

Exterior for 261 2nd St

Building Area Total6425
Exterior DescriptionSee Remarks
Lot Dimensions50X100
Lot Size Acres0.12
Max Ceiling Height
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water

Additional Details

Price History

William Hernandez

Associate
Price $1,300,000
MLS#3965540
List Date 05/27/2025
Property Type Commercial
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