Retail Property Near Emerson
23 Emerson Emerson, NJ 07630
23 Emerson, Emerson, NJ, 07630
$1,150,000
Pending
For Sale
$1,150,000
Pending
Single-tenant retail property with development potential near Emerson Train Station.
Property Size3,812 SF
Lot Size0.18 Acres
Days on Market257
Property Features for 23 Emerson
General Information
- Standard status
- Pending
- Size
- 3,812 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Listing Agency
KELLER WILLIAMS TOWN LIFE
(201) 894-8004
Listed by
PAUL SKIADAS · License #1754359
Source
Corcoran
Added: Nov 5, 2025 Updated: Jul 6 at 10:30 am Checked: Jul 20 at 3:51 am
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 KELLER WILLIAMS TOWN LIFE
Investment Insights
Based on property information with market context.
This single-tenant retail property is located in the heart of Emerson's downtown business district, steps from the Emerson Train Station and public transportation. The freestanding 3,812 square foot building sits on a 7,649 square foot lot and has housed a long-standing tenant. The property includes seven dedicated parking spaces, a truck loading area, and street visibility along a commercial corridor. Located within the Downtown Overlay Zone, the property offers an opportunity for vertical expansion above the existing retail footprint, allowing for future mixed-use or multifamily development, subject to Zoning and Borough approvals.
Key Highlights
- Stable, reliable income stream from a long‑standing tenant.
- Prime location in Emerson's thriving downtown business district, near the train station and public transportation.
- Development upside with potential for vertical expansion and mixed‑use/multifamily development (subject to approvals).
Local 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 | $82.3k | $21.60 |
| − Vacancy | −$4.6k | −$1.21 |
| EGI | $77.7k | $20.39 |
| − OpEx | −$23.3k | −$6.12 |
| NOI | $54.4k | $14.27 |
3,812 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$777.3K
$680.1K – $906.8K
NOI $54,410 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.4K
$871.0K – $1.16M
NOI $69,677 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rispoli Pastry Shop
Bakery
Similar Off Market Nearby
- New City Florist® of Emerson — 9 Ackerman Ave, Emerson, NJ 07630
- Stop & Shop Florist — 600 Kinderkamack Rd, Emerson, NJ 07630
FAQs
What type of property is this?
Storefront property - Single-tenant retail property with development potential near Emerson Train Station.
Where is this storefront property located?
The property is located at 23 Emerson Emerson, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Stable, reliable income stream from a long‑standing tenant.; Prime location in Emerson's thriving downtown business district, near the train station and public transportation.; Development upside with potential for vertical expansion and mixed‑use/multifamily development (subject to approvals).
