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290-296 Morris Ave R

Elizabeth City, NJ 07208

MLS#: 4032511

$1,800,000

Status: Active
Listing number: 4032511
Listing provided by: ALLIGATOR PROPERTY MANAGEMENT LLC
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

0

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    666.0

  • Property Type

    Commercial Sale

  • Property Sub Type

    Business

Price

  • Sales Price

    $1,800,000

  • Tax Amount

    $47,756

  • Zoning

    Commercial

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Listing Courtesy of None , ALLIGATOR PROPERTY MANAGEMENT LLC

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Agent Patrick Bolger

FOUNDER

Patrick Bolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


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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.

290-296 Morris Ave R

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