Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    624-632 Spring St Elizabeth, NJ 07201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,400,000

    0.39-acre lot for commercial/residential redevelopment in Elizabeth, NJ.

    Lot size:
    0.39 Acres

    Property Features for 624-632 Spring St

    General Information

    Lot size
    0.39 Acres

    Source: The Blau & Berg Company Agent Justyna Kuczaj

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land For Lease

    This +/- 0.39-acre lot is available for lease and suitable for commercial or residential redevelopment. The property, identified as Block 8, Lots 1569, 1570, and 1572, features two curb cuts, one from US Highway 1 South and another from Spring Street. It is zoned HC - Highway Commercial, which allows for a variety of uses including professional and business offices, neighborhood and local convenience services, general and specialty retail, hotels, entertainment venues, major retail outlets, and community services. Residential apartments are permitted on the second and third floors. The location benefits from high traffic volume, with approximately 69,104 vehicles per day at the intersection of Spring St & Woodruff Lane NE (2022). The property is located approximately 3 miles from Newark International Airport. A ground lease option is available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1996651
    Latitude
    40.6745956

    Nearby Similar for Lease

    • $5,880 /Mo

      Updated Office Space Near Station

      Spacious, updated office suite near Elizabeth Train Station.
      70 west Grand St, Elizabeth, NJ 07202
      View Details
    • $2,999 /Mo

      Prime Storefront in Elizabeth City

      High-traffic location ideal for retail or office use.
      280 Morris Ave, Elizabeth, NJ 07208
      View Details
    • $4,000 /Mo
      2,614 SF

      Elizabeth Avenue Storefront For Rent

      High-visibility retail or office space in Elizabeth's business district.
      905 Elizabeth Ave, Elizabeth, NJ 07201
      View Details
    • New
      $2,800 /Mo
      5,227 SF

      Versatile Commercial Space For Rent

      Open-concept commercial space suitable for retail, office, or service businesses.
      551 Westminster Ave, Elizabeth, NJ 07208
      View Details
    • $5,000 /Mo
      2,614 SF

      Elizabeth City Commercial Space Available

      3,500 sq ft open space in high-traffic Elizabeth location.
      324 2Nd St, Elizabeth, NJ 07206
      View Details
    • $2,300 /Mo

      Professional Office Space Near Station

      Well-maintained 1,315 SF office suite near Elizabeth Train Station.
      80 W Grand St, Elizabeth, NJ 07202
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.39-acre lot for commercial/residential redevelopment in Elizabeth, NJ.
    Where is this commercial land located?
    The property is located at 624-632 Spring St Elizabeth, NJ.
    What are key features of this property?
    This property features: - High traffic count: Approx. 69,104 vehicles per day at Spring St & Woodruff Lane NE (2022); - Highway Commercial (HC) zoning allows for diverse uses; - Residential apartments permitted on second and third floors
    (610) 533-1101
    Request Owner's contact information
    624-632 Spring St Elizabeth, NJ 07201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    624-632 Spring St
    Elizabeth, NJ 07201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    624-632 Spring St Elizabeth, NJ 07201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.