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$1,199,900

  • For Sale
  • Active
  • Retail
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Exceptional mixed-use opportunity in the highly desirable Marina section of Elizabeth. This well-positioned property features a spacious commercial storefront of approximately 1,600 sq ft, offering excellent visibility and foot traffic. Retail space can serve multi purpose perfect for owner use. The residential units are generously sized, each offering 4 bedrooms, a bright living room, and an eat-in kitchen perfect for comfortable living or strong rental income potential. Sold fully furnished, this turnkey property is ready to generate immediate rental revenue. Conveniently located just minutes from Newark Liberty International Airport and with easy access to major highways, providing a seamless commute to New York City and surrounding areas.A rare opportunity to own a versatile, income-producing property in a prime location.

Full Property Details for 261-263 Elizabeth Ave

General

  • Price: $1,199,900
  • Taxes: $16,115 (2025)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4018380
  • Updated: 4/3/2026
  • Added to Site: 11 day(s) ago

Business

  • Includes: Equipment, Inventory

Interior

  • Flooring: Tile, Vinyl-Linoleum

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Restrooms: 3

Additional Information

  • Equipment: Restrooms - Private, Sign - Building, Smoke Detector

Exterior

  • Color: White

Parking

  • Garage Spaces: 6
  • Total Spaces: 6
  • Parking: 1 Car Width, Additional Parking, Blacktop, Driveway-Exclusive

Location

  • County: Union
  • Driving Directions: Elizabeth Ave
  • Location Details: Business District, Corner, See Remarks

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning
  • Heating Type: 3 Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Available
  • Water: Public Water
  • Utility Description: Natural Gas, Cable TV Available

Structural Information

  • Construction: Metal Frame
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full, Storage, Walk-Out
  • Roof: Asphalt Shingles
  • Remodeled/Updated: 2024

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 4
  • Units w/Full Bath: 2
  • Units w/Half Bath: 1

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size: 50X65
  • Zoning: Mixed-Use
  • Lot Description: Corner

Financial Considerations

  • Assessment Amount: $799,000
  • Land Assmt: $290,500
  • Tax Amount: $16,115
  • Tax Year: 2025
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: See Remarks
  • Disclosures: Yes
  • APN: 2904-00785-0000-00038-0000-
  • Block: 785
  • Lot Number: 38

Listed by Florostone Realty Inc.

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Listing agent

— 261-263 Elizabeth Ave —

  • Florostone Realty Inc.

908-445-5339

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 Elizabeth Ave

School District:Elizabeth City School District
NameGradesDistance
No. 28 Duarte-Marti School
25 1st Street, Elizabeth, NJ 07206
PK-80.4 mi
T A Edison Career Tech Academy
625 Summer Street, Elizabeth, NJ 07202
9-120.9 mi
Adm W F Halsey Leadership Academy
641 South Street, Elizabeth, NJ 07202
9-121.1 mi
John E Dwyer Tech Academy
123 Pearl Street, Elizabeth, NJ 07202
9-121.1 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121.2 mi
T Jefferson Arts Academy
27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201
9-121.3 mi
A Hamilton Preparatory Academy
310 Cherry Street, Elizabeth, NJ 07208
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 261-263 Elizabeth Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$1,199,900
166.64%
MLS
7/28/2021
Sold
$450,000
—
Public Record
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 Elizabeth Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,373
46%
$799,000
—
2023
$10,498
3%
$799,000
2292%
2022
$10,213
2%
$33,400
—
2021
$10,003
5%
$33,400
—
2018
$9,533
-1%
$33,400
—
2019
$9,627
4%
$33,400
—
2017
$9,268
—
$33,400
—
2016
$9,268
6%
$33,400
—
2015
$8,717
9%
$33,400
—
2013
$7,982
—
$33,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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

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Listed by Florostone Realty Inc.

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261-263 Elizabeth Ave, Elizabeth, NJ 07206 (MLS# 4018380) is a Retail property. 261-263 Elizabeth Ave is currently listed for $1,199,900 and was received on April 03, 2026. Want to learn more about 261-263 Elizabeth Ave? Do you have questions about finding other Retail 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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