Date
Details
Price
Change
Source
2/26/2026
Listed
$699,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Excellent opportunity to own a two-unit brick commercial building offering approximately 3,560 sq ft of versatile space. This spacious property features a welcoming front retail area, multiple private offices, and two large common areas with impressive 11-foot ceilings, ideal for a variety of business uses. The building also includes two bathrooms, a security system, and an easement providing access to a rear parking lot for added convenience. Perfect for owner-users or investors seeking a well-located commercial property with flexible potential.
Full Property Details
Full Property Details for 506 Elizabeth Ave
General
- Price: $699,900
- Taxes: $12,394 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4011605
- Updated: 2/26/2026
- Added to Site: 81 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 2
- Restrooms: 2
Additional Information
- Equipment: Burglar Alarm, Fire Alarm, Handicapped Access, Restrooms - Private, Security System, Sign - Building, Smoke Detector
Parking
- Garage Spaces: 2
- Parking: 1 Car Width
Location
- County: Union
- Driving Directions: Broad St to Elizabeth Avenue next to Fifth Ave
- Location Details: Business District
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 1 Unit, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Storage
- Roof: Flat
- Ceiling Height: 11
- Stories in Building: 1
- Square Feet: 3,600
- Aprox. Leasable: 3,560 Sq. Ft.
- Office: 500 Sq. Ft.
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.09
- Lot Size: 40X100
- Zoning: Commercial
Financial Considerations
- Assessment Amount: $585,200
- Land Assmt: $54,000
- Tax Amount: $12,394
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 2904-00657-0000-00012-0000-
- Block: 657
- Lot Number: 12
Listed by United Real Estate
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Listing agent
— 506 Elizabeth Ave —
United Real Estate
973-807-8890
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 506 Elizabeth Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
Sonia Sotomayor School No 25 525 1st Avenue, Elizabeth, NJ 07206 | PK-8 | 0.1 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.8 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.9 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.9 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.6 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 506 Elizabeth Ave
Tax History
Tax History for 506 Elizabeth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,844
8%
$585,200
—
2023
$10,995
3%
$585,200
1679%
2022
$10,717
2%
$32,900
—
2021
$10,521
12%
$32,900
—
2018
$9,391
-4%
$32,900
—
2017
$9,803
—
$32,900
—
2016
$9,804
-3%
$32,900
—
2019
$10,158
18%
$32,900
—
2015
$8,587
9%
$32,900
—
2013
$7,862
—
$32,900
—
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
Estimate the Cost for 506 Elizabeth Ave
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506 Elizabeth Ave, Elizabeth, NJ 07206 (MLS# 4011605) is a Retail property. 506 Elizabeth Ave is currently listed for $699,900 and was received on February 26, 2026. Want to learn more about 506 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.