320-326 Elizabeth AveElizabeth, NJ 07206

Property Details for 320-326 Elizabeth Ave

Lot size

0.27 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 0.27-acre commercial land parcel, located at 320-326 Elizabeth Avenue in Elizabeth, Union County, New Jersey (zip code 07206), presents a unique investment opportunity. The property is zoned C2, offering considerable flexibility for development. Previous approvals exist for the construction of a ±4,000 square foot building, streamlining the permitting process for prospective buyers or lessees. The asking price for this vacant lot is $2,000,000. Situated at 40.6509109 latitude and -74.1950884 longitude, this location benefits from excellent accessibility and visibility. Importantly, the property is not located within a flood zone, mitigating potential risks associated with natural disasters. Annual property taxes are $8,863. This property is available for both sale and lease, providing options to suit diverse investment strategies. Serious inquiries are encouraged to explore the potential of this strategically located commercial land. The property's size and zoning make it ideal for a variety of commercial uses.

Location Insight

City

Elizabeth

County

Union

State

New Jersey

Latitude

40.6509

Longitude

-74.1951

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