Elizabeth Avenue supermarket changes hands

News has been a little slow of late so I’ve been perusing property transactions in Rahway and came across this one.

Universal Meat Supermarket on Elizabeth Avenue sold for $3.195 million in January, according to PropertyShark.com. V&D Properties, which lists the supermarket as its address, 2325 Elizabeth Ave. (Block 273/Lot 2), bought the 2.155-acre property from a Linden-based entity called Mia Tierra Linda, Inc., which acquired the site in October 2002 for $2.128 million. (That’s $1.067 million more, or 50 percent, in about 6 years and 3 months, for those of you scoring at home.)

The 32,000-square-foot building was built in 1963, according to land records, and is assessed at about $1.45 million, for property taxes of almost $69,000.