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$450,000 -$50,000 (-10%) Price Reduced

  • For Sale
  • Active
  • Business
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Bar and Restaurant, established business of 18 years. Lease includes property taxes, sewer and water. Consumption Liquor License included. Monthly utility bill approx. $1,550. See attachment for equipment included. Also, camera system and camera's included. NOT included: billiard table & equipment, music sound system for karaoke and jukebox. Assigned one parking space for owner of business.

Full Property Details for 50 3rd St

General

  • Price: $450,000
  • Status: Active
  • Type: Business
  • Source: Garden_State
  • MLS ID: 3996617
  • Updated: 1/16/2026
  • Added to Site: 72 day(s) ago

Business

  • Name: Armando's Place, LLC
  • Business Type: See Remarks
  • Business Sub-Type: See Remarks
  • Year Established: 2007
  • Real Estate: No RE Available

Rental Information

  • Lease Info: 2-3 Years, Seller Does Not Own Building

Rooms

Bathrooms

  • Restrooms: 2

Parking

  • Garage Description: None

Location

  • County: Union
  • Driving Directions: Elizabeth Ave to 3rd Street, corner of Franklin Street.

Heating & Cooling

  • Cooling Type: 1 Unit, Central Air Conditioning
  • Heating Type: 2 Units
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Square Feet: 1,900
  • Aprox. Leasable: 1,900 Sq. Ft.

Lot Features

  • Frontage: City/Town Street, Corner
  • Driveway/Sidewalk: Assigned

Financial Considerations

  • Lease Price Per Mth: $3,350
  • Expenses: Accountant
  • Operating Expenses: $36,000
  • Terms: Cash

Disclosures and Reports

  • Ownership: Corporation
  • Documents Avail.: See Remarks
  • APN: 2904-00730-0000-00019-0000-

Listed by Village Green Realtors

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Listing agent

— 50 3rd St —

  • Village Green Realtors

732-381-7477

Get Pre-Approved Today

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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 50 3rd St

School District:Elizabeth City School District
NameGradesDistance
No. 28 Duarte-Marti School
25 1st Street, Elizabeth, NJ 07206
PK-80.4 mi
Elizabeth High School
40 Morrell Street, Elizabeth, NJ 07202
9-121.2 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 50 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$450,000
-10%
MLS
11/06/2025
Listed
$500,000
-20%
MLS
12/22/2022
Sold
$625,000
—
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 50 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$48,766
55%
$2,534,600
—
2023
$31,367
3%
$2,534,600
2440%
2022
$30,518
2%
$99,800
—
2021
$29,888
5%
$99,800
—
2018
$28,486
3%
$99,800
—
2017
$27,692
—
$99,800
—
2016
$27,694
6%
$99,800
—
2015
$26,047
-9%
$99,800
—
2019
$28,766
26%
$99,800
4%
2013
$22,846
—
$95,600
—
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.

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NMLS#: 1598647

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Listed by Village Green Realtors

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50 3rd St, Elizabeth, NJ 07206 (MLS# 3996617) is a Business property. 50 3rd St is currently listed for $450,000 and was received on November 06, 2025. Want to learn more about 50 3rd St? Do you have questions about finding other Business 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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