Retail Storefront
1137 Dickinson St Elizabeth, NJ 07201
For Sale
$1,200,000
A furniture store-operated storefront property suited for retail continuity, redevelopment, or owner-user occupancy.
Property Size4,800 SF
Price / SF$250
Days on Market53
Property Features for 1137 Dickinson St
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing Agency:
RE/MAX IN ACTION
(908) 558-2727
Listed By:
CARLOS BOLIVAR · License #291141
Source:
Corcoran
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 26 at 10:10AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $21.60 |
| − Vacancy | −$8.8k | −$1.84 |
| EGI | $94.9k | $19.76 |
| − OpEx | −$28.5k | −$5.93 |
| NOI | $66.4k | $13.83 |
4,800 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
