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    1000 Ikea Dr Elizabeth, NJ 07201

    Sponsored
    For Lease
    Contact for pricing

    Prime NJ Retail Pads, Multiple Spaces

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial real estate offering presents a rare opportunity to acquire prime retail land in Elizabeth, New Jersey. Located at 1000 Ikea Dr, this property encompasses two distinct parcels ideal for restaurant and retail development. Parcel 1, situated along North Avenue, boasts approximately 9.86 acres of developable land, providing ample space for a large-scale project. Parcel 4, located along Ikea Drive, offers approximately 3.98 acres, presenting a more compact yet equally attractive development opportunity. Both parcels are designated for commercial use, specifically retail, and are zoned to accommodate multiple tenants. The property's strategic location in Union County, New Jersey, offers excellent visibility and accessibility, with convenient access to major transportation routes. The total building square footage is currently listed as 1 square foot, indicating the land's primary value lies in its development potential. The property includes one building suite, currently vacant, with a total vacant square footage of 1 square foot. This presents a blank canvas for a developer to create a thriving retail center tailored to the needs of the community. The property's size and location make it an ideal investment for developers seeking to capitalize on the growing retail market in Elizabeth, New Jersey. This is a unique opportunity to acquire a significant land parcel in a high-demand area. The address is 1000 Ikea Dr, Elizabeth, NJ 07201.

    Property Features for 1000 Ikea Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Parcel 4
    Size
    0 SF
    Space
    Parcel 1
    Size
    0 SF

    HighLights

    • High‑traffic location at Interchange 13A of the NJ Turnpike, boasting over 227,000 vehicles daily.
    • Massive market reach: over 6.7 million people within a 45‑minute drive.
    • Proximity to Newark Liberty International Airport, the region's busiest airport with over 43.4 million annual passengers.
    • Strategic adjacency to The Mills at Jersey Gardens, New Jersey's largest outlet mall, and closer to NYC than Woodbury Commons.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blink Charging Station Electric Vehicle Charging Station Dela Management Corporation Business Management Consultant IKEA Furniture Store Elizabeth Center Shopping Mall IDEA Drug Detox ... Department Store

    Suggested Use

    Dental Office Law Firm Building Supply Clothing Store Wholesale Shop Auto Repair Shop Food Market Storage Facility Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1697393
    Latitude
    40.6751301

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    FAQs

    What type of property is this?
    Land - Prime NJ Retail Pads, Multiple Spaces
    Where is this land located?
    The property is located at 1000 Ikea Dr Elizabeth, NJ.
    What are key features of this property?
    This property features: High-traffic location at Interchange 13A of the NJ Turnpike, boasting over 227,000 vehicles daily.; Massive market reach: over 6.7 million people within a 45-minute drive.; Proximity to Newark Liberty International Airport, the region's busiest airport with over 43.4 million annual passengers.
    Request Owner's contact information
    1000 Ikea Dr Elizabeth, NJ 07201
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    Elizabeth, NJ 07201
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    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
    1000 Ikea Dr Elizabeth, NJ 07201
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