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$260,000
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Property Description
Opportunity for an owner-operator or investor looking to step into an established (turnkey) business in a busy and strategic location in the heart of Elizabeth. Restaurant/Pizzeria type, conveniently situated near business & major public transportation routes (1 & 9) and within close proximity to mayor offices of Elizabeth City Hall, (Police Department, Fire Department etc.). This business has been successfully operating for over 10 years and has built a loyal customer base in the community. The restaurant serves a variety of ethnic and American cuisine, including pizza, appealing to a broad range of customers. This turnkey operations include: 2 pizza ovens, a 6-burner stove, fryer, grill, cold buffet stand, warmer stand, meat cutter machine, large dough/batter beater machine, large walk-in freezer,3 soda machines (owned by vendors), refrigerator, fixtures, etc. 5 Year Lease expiring end of 2030 for $3400/month - Utilities approx $600/month . Current seating capacity: 13 tables with 4 chairs each. Potential for improvement - could benefit from remodeling to maximize the layout and create additional seating capacity, providing an opportunity for the new owner to further grow the business. Information on gross & net income will be available to willing & able buyers only.
Full Property Details
Full Property Details for 871 Elizabeth Ave
General
- Price: $260,000
- Status: Active
- Type: Business
- Source: Garden_State
- MLS ID: 4019248
- Updated: 4/8/2026
- Added to Site: 37 day(s) ago
Business
- Name: Elvin Matamoros
- Business Type: See Remarks
- Business Sub-Type: See Remarks
- Real Estate: No RE Available
Rental Information
- Lease Info: 5 or More Years
Rooms
Bathrooms
- Restrooms: 2
Parking
- Garage Description: None
Location
- County: Union
- Driving Directions: 1&9 then use google.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: See Remarks
Utilities
- Sewer: See Remarks
- Water: Public Water
- Utility Description: Electric
Structural Information
- Square Feet: 1,600
- Aprox. Leasable: 1,600 Sq. Ft.
Lot Features
- Frontage: No Road Type
- Driveway/Sidewalk: See Remarks
- Zoning: commercial
Financial Considerations
- Lease Price Per Mth: $3,400
- Expenses: See Remarks
- Operating Expenses: $9,999
Disclosures and Reports
- Ownership: Sole Proprietorship
- Documents Avail.: See Remarks
- APN: 2904-00590-0000-00001-0004-
Listed by Re/Max in Action
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Schools
Schools serving 871 Elizabeth Ave
School District:Elizabeth City School District
| Name | Grades | Distance |
|---|---|---|
No 3 Lacorte Peterstown 700 2nd Avenue, Elizabeth, NJ 07202 | PK-8 | 0.2 mi |
John E Dwyer Tech Academy 123 Pearl Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
T Jefferson Arts Academy 27 Martin Luther King Junior Boulevard, Elizabeth, NJ 07201 | 9-12 | 0.4 mi |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
Adm W F Halsey Leadership Academy 641 South Street, Elizabeth, NJ 07202 | 9-12 | 0.4 mi |
T A Edison Career Tech Academy 625 Summer Street, Elizabeth, NJ 07202 | 9-12 | 0.7 mi |
A Hamilton Preparatory Academy 310 Cherry Street, Elizabeth, NJ 07208 | 9-12 | 1.1 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 871 Elizabeth Ave
Date
Details
Price
Change
Source
4/07/2026
Listed
$260,000
-71.11%
MLS
12/16/2025
Sold
$900,000
—
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 871 Elizabeth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$20,096
9%
$992,900
1657%
2022
$18,404
2%
$56,500
—
2021
$18,068
12%
$56,500
—
2018
$16,127
-4%
$56,500
—
2017
$16,835
—
$56,500
—
2016
$16,837
14%
$56,500
—
2015
$14,746
-15%
$56,500
—
2019
$17,445
29%
$56,500
—
2013
$13,502
—
$56,500
—
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 871 Elizabeth Ave
871 Elizabeth Ave, Elizabeth, NJ 07201 (MLS# 4019248) is a Business property. 871 Elizabeth Ave is currently listed for $260,000 and was received on April 07, 2026. Want to learn more about 871 Elizabeth Ave? 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.

