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500 Chandler Ave #500, Roselle, NJ, 07203

--beds
3baths
0sqft
$1,100,000
--price/sqft
$7,939/moest. monthly cost
$317,560/yrincome needed

About This Home

RARE FIND in Roselle, NJ! Exceptional investment opportunity on a prominent corner property featuring an established and highly profitable business with excellent foot and vehicle traffic. This mixed-use building offers multiple income streams and long-term stability perfect for seasoned investors or those seeking a turnkey operation.The ground floor is home to a thriving deli/liquor store, a staple in the community with consistent daily clientele. The sale includes the building, the fully operational business, and a valuable Type 44 liquor license. Please note: the business and liquor license must be purchased in cash, as financing is not available for liquor licenses.Above the commercial space are two spacious 2-bedroom apartments, both currently rented and generating steady monthly income. Additional income potential exists with the 2-car garage, ideal for renting or continued use for storage. A full basement provides ample storage for inventory and supplies. The property is outfitted with an upgraded camera system covering key interior and exterior areas, enhancing security and operational oversight.This is truly a rare opportunity to acquire a well-established business with a strong customer base, an income-producing building, and a coveted liquor license all in one package. Perfectly positioned on a high-visibility corner, this property offers unmatched value and long-term upside.

Getting Around

57
WalkingSomewhat Walkable
47
TransitSome Transit
50
BikeBikeable

Schools

6/10
Harrison Elementary SchoolGrades PK,1-40.2 mi
1/10
Abraham Clark High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Wood

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Partial,Unfinished,Walk-Out Access

Bedrooms & Bathrooms

  • Bathrooms: 3

Features

  • Door features: Max Door Height: 0
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 2 Units,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 2914019030000000080000
  • Attached to another structure: Yes
  • Zoning description: commercial
  • Other equipment: Appliances,Refrigeration Unit

Features

  • Stories: 2

Lot

  • Lot size: 3,049 sqft
  • Features: Corner,Residential Area
  • Lot size dimensions: 30.8 x 100 per ta x records

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Winter Weather
Heat Wave
Lightning
Strong Wind

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,562$66,744
Home Insurance *$324$3,888
Property Taxes $1,860$22,320
Electricity $193$2,318
Total$7,939$95,268
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$272,194/yr
40% on housing$238,170/yr
45% on housing$211,706/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07203$261
Union County$380

vs Homes Sold Last Month

Median $/sqft

ZIP 07203$371
Union County$416

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-11Listed for sale$1,100,000
2026-03-04Listing removed$1,100,000
2025-12-05Listed for sale$1,100,000

For Sale by Agent

AgentYolanda Mendez
BrokerageKeller Williams Realty

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