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$999,000

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 261-263 Second St

General

  • Price: $999,000
  • Taxes: $16,640
  • Status: Active
  • Type: Commercial
  • Source: NJMLS
  • MLS ID: 25018224
  • Updated: 9/30/2025
  • Added to Site: 234 day(s) ago

Location

  • Area: Elizabeth
  • County: UNION

Structural Information

  • Architectural Style: Res/Com Mixed
  • Roof: Asphalt
  • Year Built: 1900-1939

Financial Considerations

  • Tax Amount: $16,640
  • Owner Pays: None

Listed by RE/MAX New Millennium Group (908) 282-1234, Joao Pereira (908) 451-9230

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Listing agent

— 261-263 Second St —

  • Joao Pereira

    RE/MAX New Millennium Group

    (908) 451-9230

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 261-263 Second St

School District:Elizabeth City School District
NameGradesDistance
Number 13, Benjamin Franklin Elementary School
248 Ripley Place, Elizabeth, NJ 07206
PK-80.2 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 261-263 Second St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2025
Price Reduced
$999,000
-23.15%
MLS
5/27/2025
Listed
$1,300,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 261-263 Second St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,641
59%
$864,900
2429%
2022
$10,458
2%
$34,200
—
2021
$10,242
5%
$34,200
—
2018
$9,762
3%
$34,200
—
2017
$9,489
—
$34,200
—
2016
$9,490
6%
$34,200
—
2015
$8,926
-9%
$34,200
—
2019
$9,858
21%
$34,200
—
2013
$8,173
—
$34,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 261-263 Second St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by RE/MAX New Millennium Group (908) 282-1234, Joao Pereira (908) 451-9230

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Recent Sales near 261-263 Second St

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139 Ripley Pl, Elizabeth, NJ 07206 - Photo 1 Sold
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178-180 3rd St, Elizabeth, NJ 07206 - Photo 1 Sold
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178-180 3rd St  Elizabeth, NJ 07206

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261-263 2nd Street, Elizabeth, NJ 07206 (MLS# 25018224) is a Commercial property. 261-263 2nd Street is currently listed for $999,000 and was received on May 27, 2025. Want to learn more about 261-263 2nd Street? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

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