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$ 145,000
Est. payment /mo
Price Dropped by $44K
649 Elizabeth Ave Elizabeth City, NJ 07206
1,300 SqFt
UPDATED:
Key Details
Property Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $111
Subdivision Elizabeth Avenue
MLS Listing ID 4017419
Year Built 2021
Property Description
The business is a fully turn key, operational, cash-flowing restaurant located in vibrant Elizabeth, New Jersey, offering dine-in, takeout, and delivery services through major platforms such as DoorDash and Uber Eats. 120 maximum capacity, space for outdoor lounge In 2025, the operation demonstrated strong financial performance, reinforcing its stability and long-term growth potential. The business generated $537,668 in annual revenue and $147,602 in net operating income, achieving an above-average 27.4% operating margin. This level of performance positions the business as a high-quality, income-producing asset within the New Jersey restaurant market. All inventory included. Condition: FULLY RENOVATED, PLENTY OF STORAGE SPACE, Fully equipped kitchen and commercial-grade refrigeration systems. A liquor license is not included in the offering; however, one may be available for separate purchase through a third-party owner, presenting an opportunity to further enhance revenue. Business name not included in sale, financial reports are available.
Location
State NJ
County Union
Rooms
Basement Finished-Partially, Full
Interior
Heating See Remarks
Cooling 1 Unit, Central Air
Heat Source See Remarks
Exterior
Parking Features See Remarks
Utilities Available See Remarks
Building
Sewer Public Available
Water Public Water
Others
Ownership Sole Proprietorship
Acceptable Financing Buyer, Cash, Lease Purchase
Listing Terms Buyer, Cash, Lease Purchase
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BHGRE ELITE
NEARBY SCHOOL & BUSINESS
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