247 Elm AveRahway, NJ 07065

For Sale
$725,000

Prime Rahway location, mixed-use building, high potential.

Overview

Added:
Feb 3
Days on market:
39
This exceptional mixed-use property, located at 247 Elm Ave in Rahway, NJ, presents a unique investment opportunity. The 3,650 square foot building sits on a 0.1-acre lot and is currently configured as a funeral home, offering significant potential for various commercial uses. The property features two distinct units. The ground floor commercial space encompasses approximately 1692 square feet above grade, including a large office, hallway leading to a viewing area and chapel, and a half bath. A finished basement adds further usable space, featuring two rooms, a half bath, and a utility room. Recent updates include a new direct hot water heater and two furnaces, along with mini-split heating and cooling systems on the first floor. Above the commercial space, a spacious residential unit spans the second and third floors, totaling approximately 1961 square feet. The second floor includes a living room, a large eat-in kitchen, two bedrooms, and a full bath. The third floor offers an additional living room, a bedroom, a storage area, and a full bath. Exterior features include a two-car garage, a parking lot, a wheelchair ramp, and attractive landscaping. The property is offered at $725,000. The business operating within the building is available for separate purchase under separate MLS listings.

Property Details for 247 Elm Ave

Property type
Other commercial real estate
Square Feet
3,650 SF
Year Built
1920
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Rahway
County
Union
State
New Jersey
Latitude
40.60821
Longitude
-74.28094
247 Elm Ave, Rahway, New Jersey
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FAQs

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247 Elm Ave
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