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$999,999
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Property Description
This mixed-use property offers a rare opportunity to own a well-maintained building featuring 4 residential units and 1 ground-level store front. Property also has a 2 car garage. The property combines steady residential income with commercial space. Great investment for both investors or owner-occupants. Two units will be delivered vacant at closing. Conveniently located near shopping, dining, public transportation and major highways. Property is being sold in "as is" condition.
Full Property Details
Full Property Details for 701 Grier Ave
General
- Price: $999,999
- Taxes: $22,901 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4031312
- Updated: 6/2/2026
- Added to Site: 15 day(s) ago
Business
- Includes: Building & Business
Interior
- Flooring: Laminate, Stone, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 5
Additional Information
- Equipment: Restrooms - Private, Smoke Detector
Parking
- Garage Spaces: 2
- Parking: 2 Car Width, Blacktop
Location
- County: Union
- Subdivision: Bayway
- Driving Directions: Bayway to Grier Ave
- Location Details: Corner
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 4+ Units, Baseboard - Hotwater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Construction: Brick/Block
- Exterior Const.: Aluminum Siding, Brick
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Stories in Building: 3
- Year Built: 1920
Unit Information
- 1 Bedroom Units: 3
- 2 Bedroom Units: 2
- 3 Bedroom Units: 2
- Units w/Full Bath: 4
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 26X100
- Zoning: Commercial
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $1,135,400
- Land Assmt: $230,000
- Tax Amount: $22,901
- Tax Year: 2025
- Owner Pays: Sewer, Water
- Tenant Pays: Electric, Gas, Heat, Hot Water
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Leases
- Disclosures: Yes
- APN: 2904-00440-0000-00017-0000-
- Block: 440
- Lot Number: 17
Listed by Re/Max New Millennium Group
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Schools
Schools serving 701 Grier Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
No 5 Mabel Holmes Middle School 650 Bayway, Elizabeth, NJ 07202 | PK-8 | 0.2 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.4 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 | 1.1 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 1.1 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.3 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 701 Grier Ave
Date
Details
Price
Change
Source
6/01/2026
Listed
$999,999
700%
MLS
4/09/2018
Sold
$125,000
—
Public Record
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
Tax History for 701 Grier Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,845
56%
$1,135,400
2374%
2022
$14,036
2%
$45,900
—
2021
$13,746
4%
$45,900
—
2019
$13,230
1%
$45,900
—
2018
$13,101
3%
$45,900
—
2017
$12,736
—
$45,900
—
2016
$12,737
6%
$45,900
—
2015
$11,979
9%
$45,900
—
2013
$10,969
—
$45,900
—
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 701 Grier Ave
701 Grier Ave, Elizabeth, NJ 07202 (MLS# 4031312) is a Retail property. 701 Grier Ave is currently listed for $999,999 and was received on June 01, 2026. Want to learn more about 701 Grier 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.

