$1,800,000
Est. payment /mo
666 Acres Lot
New
290-296 Morris Ave R Elizabeth City, NJ 07208
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4032511
Year Built 1925
Annual Tax Amount $47,756
Tax Year 2025
Lot Size 666.000 Acres
Property Description
Investor Alert: Prime Mixed-Use Multi-Building Portfolio in High-Traffic Morris Ave Corridor, Incredible investment opportunity to acquire two contiguous mixed-use buildings (292 and 296 Morris Ave) positioned directly in the heart of a vibrant, high-density district. Sharing a common wall, this unique package features expansive commercial footprints paired with four massive residential units, delivering an immediate, diversified cash-flow stream with immense value-add potential.Property Highlights:292 Morris Ave (Commercial & Residential): Main floor configured as fully functional commercial office space, currently utilized by a staffing agency. Levels above house 2 large, high-ceiling apartments perfect for steady rental income.296 Morris Ave (Turnkey Nightlife & Residential): Ground floor operates as a fully built-out bar and nightclub, anchoring local nightlife traffic. Upper levels contain 2 additional expansive apartments with strong tenant appeal.Bonus Development Space: Both properties feature massive, separate, unfinished basements providing exceptional storage or footprint expansion opportunities.Maximize your portfolio with this rare double-lot footprint offering dual-industry commercial stability and reliable residential upside.
Location
State NJ
County Union
Zoning Commercial
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling 2 Units
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available All Underground
Roof Type Flat
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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