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217 Rahway Ave 3,115 SF Retail Building Elizabeth, NJ 07202 $2,067,847 CAD ($663.84 CAD/SF)
Executive Summary
Multifamily Development Project. This mixed-use property is ideally located near the NJ Transit Elizabeth Station and offers unlimited potential. Zoned for both multi-family residential and C-2 commercial use, it provides outstanding flexibility for investors, developers, and business owners alike. Whether you are planning residential units, a mixed-use project, or a successful commercial venture, the possibilities are endless. With excellent visibility, accessibility, and versatility, this property presents a unique opportunity in a prime location. Buyers are responsible for confirming permitted uses with the municipality.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
3,115 SF
Building Class
B
Year Built
1929
Price
$2,067,847 CAD
Price Per SF
$663.84 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.46 AC
Zoning
C-2 - Commercial
Parking
8 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
60’ on Rahway Ave
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00006-0000-01005 | Improvements Assessment | $542,305 CAD |
| Land Assessment | $867,773 CAD | Total Assessment | $1,410,078 CAD |
Property Taxes
Parcel Number
04-00006-0000-01005
Land Assessment
$867,773 CAD
Improvements Assessment
$542,305 CAD
Total Assessment
$1,410,078 CAD
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217 Rahway Ave
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