Images
Request Info$899,000
Active
261 2nd St #261 Overview
- Time on Site:
- 397 days
- Visits:
- 8
Back on the Market. 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.
Listing provided courtesy of RE/MAX NEW MILLENNIUM GROUP- MLS# 3965540
Contact Information: 908-282-1234
Contact Information: 908-282-1234Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
261 2nd St #261 Facts & Features
- Type Commercial
- Sq. ft. 6,425
- Price/Sq.ft. $140
- Lot 0.12 Acres
Details
General
Income/Expenses
- Expenses Include: Insurance, Taxes
- Gross Income: 6900
Listing Information
- For Sale Or Lease: For Sale
Building Information
- Num Apts: 1
- Year Built: 9999
Location/Region
- County Or Parish: Union
- Location: Corner
Building Exterior/Construction
- Construction Date/Year Built Des: Approximate
Rent/Lease Information
- Lease Includes: Building Insurance, Taxes
- Lease Information: See Remarks
- Tenant Pays: Electric, Gas, Water
Tax Information
- City Tax: *
- County Tax: *
- Tax Amount Tax: *
- Tax Annual Amount: $16,640.00
- Tax Assessed Value: *
- Tax Rate Amount: 1.924
- Tax Rate Year: 2024
- Tax Year: 2024
- Tax Year Tax: *
General Information
- Inclusions: Building & Land
- Property Sub Type: Mixed Use
- Property Type: Commercial
- Zoning: Comm/Res
Interior
Building Information
- Available Sq Ft: 6425
- Equipment Available: Fixtures, Kitchen Area, Restrooms - Private
- Max Ceiling Height: 0
- Max Door Height: 0
- Num 2 Bdrm Units: 1
- Office Sq Ft: 0
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bathrooms Total: 4
Building Interior
- Building Area Total: 6425
General Information
- Cooling: No Cool
- Heating: 1 Unit, Radiators - Steam
- Stories: 2
Unit Information
- Unit Number: 261
Exterior
Building Information
- Number of Bays: 0
- Number of Docks: 0
Parking Information
- Parking Features: None
- Parking Total: 0
Lot Information
- Approximate Lot Size: 50X100
- Lot Size Acres: 0.12
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: See Remarks
- Exterior Description: See Remarks
- Roof: Flat
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
- Utilities: Electric, Gas-Natural
261 2nd St #261 Neighborhood
Community
07206 (Elizabeth City) Demographics
31
Median Age
12,182
Population Density (per sq. mile)
11%
College Educated
$46,275
Estimated Median Income
2,234
Estimated Total Home Owners
5,806
Estimated Total Renters
28% / 72%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
261 2nd St #261 Monthly Cost
261 2nd St #261 Market Data
Based on the last 30 days in this zip code
$494,500
Average List Price
$657
Average Price per Square Foot
2
Properties Sold
85
Average Days on Market
2
Properties for Sale
261 2nd St #261 History
| Date | Value | Agent |
|---|---|---|
| 4/6/2026Source: Garden State MLS | $899,000 -10.0% |
|
| 9/2/2025Source: Garden State MLS | $999,000 -23.2% |
|
| 5/28/2025Source: Garden State MLS | May 28, 2025 |