Retail Storefront
For Sale
$1,200,000
1137 Dickinson St, Elizabeth, NJ 07201
A furniture store-operated storefront property suited for retail continuity, redevelopment, or owner-user occupancy.
Property Size4,800 SF
Price / SF$250
Days on Market133
Property Features for 1137 Dickinson St
General Information
Standard status
Active
Size
4,800 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1965
Listing Agency:
RE/MAX IN ACTION
Listed By:
CARLOS BOLIVAR · License #291141
(201) 709-1235
Source:
Luminancerealty
Added: Jun 4
Changed: Oct 6
Last Checked: Oct 5 at 8:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX IN ACTION
Investment Insights
Based on property information with market context.
This property is currently operating as a furniture store and presents a flexible retail storefront configuration for continued commercial use. It is offered for sale to support a range of paths, including owner-user use, investment holding, or redevelopment and expansion plans based on the property’s existing retail presence.
Located at 1137-1141 Dickinson Street in Elizabeth, NJ, the site is described as having convenient access to major highways, transportation hubs, and local amenities. Elizabeth’s broader commercial context includes proximity to regional transportation assets and the New York metropolitan area, which may support a variety of retail and mixed-use considerations.
For tenants, buyers, or developers seeking a retail-oriented asset, the property’s current furniture store operation may provide an immediate foundation for retail continuity while still allowing redesign if your business requirements call for changes. If you’re evaluating options in Union County, this offering can be aligned to a retail concept, an owner-user buildout, or a redevelopment plan tailored to the next intended use.
Located at 1137-1141 Dickinson Street in Elizabeth, NJ, the site is described as having convenient access to major highways, transportation hubs, and local amenities. Elizabeth’s broader commercial context includes proximity to regional transportation assets and the New York metropolitan area, which may support a variety of retail and mixed-use considerations.
For tenants, buyers, or developers seeking a retail-oriented asset, the property’s current furniture store operation may provide an immediate foundation for retail continuity while still allowing redesign if your business requirements call for changes. If you’re evaluating options in Union County, this offering can be aligned to a retail concept, an owner-user buildout, or a redevelopment plan tailored to the next intended use.
Key Highlights
- Commercial property built in 1965, currently operating as a furniture store
- 1137‑1141 Dickinson Street suited for retail continuity, owner‑user occupancy, or redevelopment
- Versatile use for retail, mixed‑use redevelopment, or investment purposes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,407
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,140
$1.3M
Cap Rate 7%
$948,671
$948.7K
Cap Rate 9%
$737,856
$737.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$8.8K −$1.84/SF
EGI
$94.9K $19.76/SF
− OpEx
−$28.5K −$5.93/SF
NOI
$66.4K $13.83/SF
Area
Elizabeth, NJ
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,140
Cap Rate 7%
$948,671
Cap Rate 9%
$737,856
Alternative Uses
Best Use
Retail
$948.7K
$830.1K – $1.11M
NOI $66,407 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,453 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,436
Businesses Nearby
124k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 32%
Apparel 22%
Electronics 7%
McDonald's
Dining
17,774 visits/mo
0.1 miles
Shoppers World
Apparel
15,617 visits/mo
0.1 miles
BP
Shops & Services
15,037 visits/mo
0.1 miles
Bank of America
Shops & Services
14,767 visits/mo
0.2 miles
KFC
Dining
10,204 visits/mo
0.4 miles
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - A furniture store-operated storefront property suited for retail continuity, redevelopment, or owner-user occupancy.
Where is this storefront property located?
The property is located at 1137 Dickinson St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial property built in 1965, currently operating as a furniture store; 1137‑1141 Dickinson Street suited for retail continuity, owner‑user occupancy, or redevelopment; Versatile use for retail, mixed‑use redevelopment, or investment purposes
