Storefront
For Sale
Contact for pricing
970 W GRAND STREET, Elizabeth, NJ 07202
A 3,333-square-foot storefront is available for sale in a building constructed in 1940.
Property Size3,333 SF
Price / SF$0.60
Days on Market18
Property Features for 970 W GRAND STREET
General Information
Standard status
Active
Size
3,333 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Weichert Realtors-Haddonfield
(856) 394-5700
Listed By:
Jinet Ventura
(917) 600-3489
Source:
Ginaspaziano
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 4:18PM
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 Weichert Realtors-Haddonfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,333-square-foot storefront property is offered for sale. The building dates to 1940.
The lease arrangement assigns cable, cooking gas, and electricity to the tenant. Building maintenance, sewer, taxes, heat, cold water, and snow removal are paid by the landlord.
The lease arrangement assigns cable, cooking gas, and electricity to the tenant. Building maintenance, sewer, taxes, heat, cold water, and snow removal are paid by the landlord.
Key Highlights
- 3,333 square feet of storefront space
- Building constructed in 1940
- Tenant pays for cable, cooking gas, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,111
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,220
$922.2K
Cap Rate 7%
$658,729
$658.7K
Cap Rate 9%
$512,344
$512.3K
Market Conditions
NOI Build-Up for 3,333 SF
Gross rent
$72.0K $21.60/SF
− Vacancy
−$6.1K −$1.84/SF
EGI
$65.9K $19.76/SF
− OpEx
−$19.8K −$5.93/SF
NOI
$46.1K $13.83/SF
Area
Elizabeth, NJ
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,220
Cap Rate 7%
$658,729
Cap Rate 9%
$512,344
Alternative Uses
Best Use
Retail
$658.7K
$576.4K – $768.5K
NOI $46,111 @ 7.0% cap · market cap 2,305.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,417 @ 7.0% cap · market cap 4,320.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
197k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 30%
Dining 19%
Home Improvements & Furnishings 15%
ShopRite
Groceries
65,275 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
29,814 visits/mo
0.1 miles
Dollar General
Shops & Services
25,092 visits/mo
0.4 miles
Dunkin' Donuts
Dining
16,211 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,851 visits/mo
0.2 miles
Demographics for 07202, NJ
43,389
Population
15,866
Households
2.7
Avg Household Size
36
Median Age
13%
College-Educated
76%
High-School Grad
2.3 sq mi
ZIP Area
18,865
Density / Sq Mi
$68,071
Median Household Income
$40,505
Median Earnings
$1,508
Median Rent
$358,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Sam & Andy's Fruit Baskets — 619 E 3rd Ave, Roselle, NJ 07203
Frequently Asked Questions
What type of property is this?
Storefront property - A 3,333-square-foot storefront is available for sale in a building constructed in 1940.
Where is this storefront property located?
The property is located at 970 W GRAND STREET Elizabeth, NJ.
What are key features of this property?
This property features: 3,333 square feet of storefront space; Building constructed in 1940; Tenant pays for cable, cooking gas, and electricity
