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347-357 Rahway Ave - Corner of Rahway Ave & Grove St Elizabeth, NJ 0.68 Acres of Commercial Land Offered at $2,695,000 in Elizabeth, NJ 07202
Investment Highlights
- Located in a well-established section of Elizabeth with a mix of residential neighborhoods and nearby commercial activity.
- Positioned within a dense urban market supported by surrounding neighborhood amenities and services.
- The area offers strong access to major roadways and public transportation serving the broader North Jersey region.
- Well-situated for uses that benefit from local demand and proximity to regional employment centers.
Executive Summary
Sale is for all four lots As -Is, owner will not sell lots separately. The C-2 Community Commercial Zone allows many different uses including residential, restaurants, fast food, retail etc. - see attached City of Elizabeth Land Development ordinance for more information. Currently there is a multi family home and large garage building on the property. Call Anthony DeSapio for more details 908-507-4724
Property Facts Under Contract
| Price | $2,695,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.68 AC |
| Property Type | Land |
| Price | $2,695,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.68 AC |
1 Lot Available
Lot 1,2,46,47
| Price | $2,695,000 | Lot Size | 0.68 AC |
| Price Per AC | $3,969,908.24 |
| Price | $2,695,000 |
| Price Per AC | $3,969,908.24 |
| Lot Size | 0.68 AC |
Redevelopment opportunity! Four continuous corner lots for sale (block 356 lots 1,2,46 & 47) on the corner of Rahway Ave and Grove Street in Elizabeth, NJ. Located in the C-2 Community Commercial Zone this offer endless opportunities.
Description
The land at 347–357 Rahway Ave is located in a well-established section of Elizabeth, New Jersey, surrounded by a mix of residential neighborhoods and commercial corridors. The area benefits from strong regional connectivity, with convenient access to major roadways, public transportation, and nearby employment centers. Positioned within a dense urban market, the site is well-suited for uses that leverage local demand, neighborhood amenities, and proximity to the broader North Jersey region.
Property Taxes
| Parcel Numbers | Improvements Assessment | $498,400 | |
| Land Assessment | $1,442,900 | Total Assessment | $1,941,300 |
Property Taxes
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347-357 Rahway Ave - Corner of Rahway Ave & Grove St Elizabeth, NJ
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