645 Magnolia Ave, Elizabeth City, NJ 07206
Union County
Key Facts
Description
Great opportunity to own a mixed-use commercial building in an up-and-coming area with strong value-add potential. Property requires renovation, making it ideal for investors or owner-users looking to customize and maximize returns. Currently configured with two residential apartments on the Magnolia Ave side each offering 2 bedrooms and a restaurant on the Trumbull St side with seating for approximately 75 guests. The building spans both Magnolia Ave and Trumbull St, providing multiple access points. Suitable for a variety of uses, including retail, office, restaurant, or redevelopment (buyer to verify permitted uses). Property is being sold strictly as-is.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Stories
2
Ownership
Fee Simple
Days on Market
62
MLS® Listing#
4019690
Property Features
- Cooling:
- Central Air
- Heating:
- Natural Gas
- Flooring:
- Laminate, Tile
- Basement:
- Unfinished
- Parking:
- On Street
- Construction:
- Brick
- Roof:
- Rubber
- Security:
- Smoke Detector(s)
- Utilities:
- Underground Utilities
- Water Source:
- Public
HOA & Tax
- Annual Tax:
- $17,572 (2025)
- Assessed Value:
- $871,200
- Parcel #:
- 2904-00629-0000-00002-0000-
Directions
Trumbull to Magnolia . Restaurant face Thrumbull and apt face Magnolia
Affordability Calculator
$113,000
Estimated monthly payment
$3,007/mo
Principal $452,000 · Est. interest $630,580 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elizabeth City, NJ
- $619,471
- Median Listing Price
- 49
- Median Days on Market
- 1,386
- Median Sq Ft
- $420
- Median Price / Sq Ft
- 3,202
- Active Listings
- This home’s price is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elizabeth City, NJ.
Location
- 645 Magnolia Ave, Elizabeth City, NJ 07206
Nearby Schools
John Marshall School
Elementary · 0.2 mi away
Sonia Sotomayor School No. 25
Elementary · 0.6 mi away
Nicholas S. Lacorte-Peterstown School No. 3
Elementary · 0.6 mi away
Terence C Reilly School 7
Secondary · 0.7 mi away
Number 70 Elementary School
Elementary · 0.7 mi away
Benjamin Franklin School No. 13
Elementary · 0.7 mi away
Iprep Academy School No 8
Elementary · 0.7 mi away
St Patrick High School
Secondary · 0.7 mi away
Number 1 Elementary School
Elementary · 0.7 mi away
St Anthony's Convent
School · 0.7 mi away
Number 15 Elementary School
Elementary · 0.8 mi away
Elizabeth High School - Frank J Cicarell Academy
Secondary · 0.8 mi away
Winfield Scott School No. 2
Elementary · 0.9 mi away
Dr Martin Luther King Center
School · 0.9 mi away
John E. Dwyer Technology Academy
School · 0.9 mi away
Toussaint L'Ouverture-Marquis de Lafayette School No. 6
Elementary · 1.0 mi away
Elizabeth High School
Secondary · 1.0 mi away
Adm W F Halsey Leadershp Academy
School · 1.0 mi away
Juan Pablo Duarte - Jose Julian Marti School No 28
Elementary · 1.1 mi away
Uceda School
School · 1.1 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Elizabeth City
Listing Courtesy: KELLER WILLIAMS METROPOLITAN - 9735391120