Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1220 E Elizabeth Ave Linden, NJ 07036

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $969,900

    Two-unit commercial building suitable for retail, auto, or industrial uses.

    Property size:
    3,560 SF
    Lot size:
    0.20 Acres

    Property Features for 1220 E Elizabeth Ave

    General Information

    Standard status
    Active
    Size
    3,560 SF
    Lot size
    0.20 Acres

    Building Details

    Year built
    1957

    We can help!

    Listing Contact
    TINA REBIMBAS TORRES
    Source: Corcoran

    Listing Agency: RE/MAX LIFETIME REALTORS Listing Agent: TINA REBIMBAS TORRES

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

    Learn more

    Overview

    Versatile Commercial Building For Sale

    This commercial building features two separate units totaling approximately 3,500+ square feet of versatile space. The front unit, approximately 1,900 square feet, is configured as a retail store with a large attached storage garage. It includes an open garage area of about 1,240 square feet, a 612-square-foot retail area, a dedicated office, high ceilings, one 10-foot-tall garage door, and one bathroom, with multiple access points. The rear unit, approximately 1,660 square feet and originally used as an auto body shop, offers a spacious main workspace measuring approximately 50' x 33'9", a paint bay room of approximately 22'3" x 13'1", high ceilings, one garage door, and one bathroom, along with multiple entrances. The building features solid construction with a large structural metal support beam and sits on a 60' x 120' lot, allowing the units to operate independently or together. This property is well suited for contractors, automotive-related businesses, retail with service operations, storage, warehousing, distribution, or light industrial uses in a convenient Linden location. The building was built in 1957 and is classified as CB-1S in Tax Zone R-2B, Property Class 4A. The property is not located in a flood zone.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    Time Savor Chef, Weiss Brothers Catering

    Location Insight

    • Map
    • Local Demand
    City
    Linden
    County
    Union
    State
    New Jersey
    Longitude
    -74.2396333
    Latitude
    40.6425813

    Nearby Similar for Sale

    • $969,900
      3,560 SF

      Versatile Commercial Building in Linden

      Two-unit commercial building suitable for retail, automotive, or industrial uses.
      1220 E Elizabeth Ave, Linden, NJ 07036
      View Details
    • $175,000
      4,000 SF

      Established Florist Business For Sale

      Turn-key florist business with growth potential in Linden City.
      355 West St Georges Ave, Linden, NJ 07036
      View Details
    • $549,999
      Pending

      Two-Family Corner Property in Linden

      Two-family property with garage, walkout basement, and investment potential.
      318 Garfield St, Linden, NJ 07036
      View Details
    • New
      $599,000
      0.10 Acres

      Linden Two-Family Vacant Property

      Two-family Linden property, delivered vacant, near transit and amenities.
      135 Liberty St, Linden, NJ 07036
      View Details
    • Contact for pricing
      450 SF

      Renovated Retail/Office Space Available

      Renovated commercial space in Linden City, ideal for small business.
      24 E Price St, Linden, NJ 07036
      View Details
    • $875,000
      Pending

      Linden City Multi-Family Property

      Well-maintained four-family property in Linden City, great income opportunity.
      1930 S Wood Ave, Linden, NJ 07036
      View Details
    • $649,000
      0.10 Acres

      Well-Maintained Two-Family Linden Home

      Two-family home in Linden with updated kitchens and separate utilities.
      116 W 17Th St, Linden, NJ 07036
      View Details
    • New
      $479,999
      Pending

      Linden Multi-Family Investment Opportunity

      Two-unit property in Linden with income and living potential.
      21 Main St, Linden, NJ 07036
      View Details
    • $699,999
      Pending

      Linden City Triplex For Sale

      Triplex in Linden City, NJ available for purchase.
      2050 E Saint Georges Ave, Linden, NJ 07036
      View Details
    • Contact for pricing
      14,500 SF

      Renovated Warehouse with Office Space

      14,500 SF warehouse with renovated office and loading docks.
      230 Marion Ave, Linden, NJ 07036
      View Details
    • $745,000
      0.10 Acres

      Move-In Ready Two-Family Home

      Two-family home with modern finishes, ready for occupancy or investment.
      811 Jackson Ave, Linden, NJ 07036
      View Details
    • $3,299,000

      Linden Industrial Building with Retail

      13,000 SF industrial building with retail space for sale.
      419 W Elizabeth Ave, Linden, NJ 07036
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-unit commercial building suitable for retail, auto, or industrial uses.
    Where is this flex space located?
    The property is located at 1220 E Elizabeth Ave Linden, NJ.
    What is the asking price?
    The asking price for this property is $969,900.
    What are key features of this property?
    This property features: - Approximately 3,500+ sq ft of versatile space with two separate units.; - Not located in a flood zone.; - Front unit configured as a **retail store with attached storage garage (approx. 1,900 sq ft total).**
    (908) 688-2828
    Request Owner's contact information
    1220 E Elizabeth Ave Linden, NJ 07036
    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.
    1220 E Elizabeth Ave
    Linden, NJ 07036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1220 E Elizabeth Ave Linden, NJ 07036
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    TINA REBIMBAS TORRES
    (908) 688-2828
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!