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$1,595,000
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Property Description
Seize this rare opportunity to own a fully operational, income-generating mixed-use property in the heart of vibrant Elizabeth Ave, one of Elizabeth, NJ's most desirable and bustling locations. This sale includes both the real estate and a thriving restaurant business with strong annual profits, offering an ideal investment for entrepreneurs and investors alike. Restaurant - Fully renovated in 2022, this turnkey restaurant comes complete with all equipment, machinery, furniture, fixtures, menu, and goodwill. The business is in full operation and it has been in operations for twenty plus years, generating impressive annual profits. The basement includes a dedicated office space and a full bathroom for restaurant use. Financials are available to serious buyers upon request. Residential Unit - A spacious three-bedroom apartment featuring one full bathroom, an eat-in kitchen, and a comfortable living room, perfect for rental income. Currently on a 1 year lease at $2,800 per month. Situated in the heart of Elizabeth Ave, a high-traffic area known for its vibrant community, diverse businesses, and strong foot traffic, ensuring excellent visibility and accessibility for the restaurant. Don't miss your chance to own a profitable restaurant and income-producing property in one of Elizabeth's most dynamic areas.
Full Property Details
Full Property Details for 945 Elizabeth Ave
General
- Price: $1,595,000
- Taxes: $11,903 (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 3978837
- Updated: 8/4/2025
- Added to Site: 169 day(s) ago
Business
- Includes: Building & Business, Equipment, Inventory
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: Appliances, Fire Alarm, Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Private, Sign - Building, Smoke Detector
Parking
- Parking: On-Street Parking
Location
- County: Union
- Driving Directions: From 1&9 to Elizabeth Ave
- Location Details: Business District
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 2 Units, Baseboard - Hotwater, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: Wood
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Storage
- Roof: Flat
- Stories in Building: 2
- Square Feet: 2,534
- Aprox. Leasable: 2,534 Sq. Ft.
- Year Built: 1900
- Remodeled/Updated: 2022
Lot Features
- Lot Size (Acres): 0.05
- Lot Size: 21.20X100
- Zoning: Retail
Financial Considerations
- Price Per Sq. Ft.: $629
- Assessment Amount: $588,100
- Land Assmt: $210,000
- Tax Amount: $11,903
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Leases, See Remarks
- APN: 2904-00309-0000-00044-0000-
- Block: 309
- Lot Number: 44
Listed by 3Sixty Realty Llc
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Schools
Schools serving 945 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 |
Elizabeth High School 40 Morrell Street, Elizabeth, NJ 07202 | 9-12 | 0.3 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 945 Elizabeth Ave
Date
Details
Price
Change
Source
8/01/2025
Listed
$1,595,000
198.13%
MLS
6/27/2022
Sold
$535,000
—
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 945 Elizabeth Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,903
-2%
$588,100
—
2023
$12,198
3%
$588,100
1511%
2022
$11,889
2%
$36,500
—
2021
$11,672
12%
$36,500
—
2018
$10,418
-8%
$36,500
—
2019
$11,270
4%
$36,500
—
2017
$10,876
—
$36,500
—
2016
$10,877
14%
$36,500
—
2015
$9,526
9%
$36,500
—
2013
$8,723
—
$36,500
—
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 945 Elizabeth Ave
945 Elizabeth Ave, Elizabeth, NJ 07201 (MLS# 3978837) is a Commercial property. 945 Elizabeth Ave is currently listed for $1,595,000 and was received on August 01, 2025. Want to learn more about 945 Elizabeth Ave? Do you have questions about finding other Commercial real estate for sale in Elizabeth? You can browse all Elizabeth real estate or contact a Coldwell Banker agent to request more information.

