Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Electric Vehicle Charging Station
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Business Management Consultant
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Furniture & Home Goods Home Decor Store
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Shopping Center & Mall
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Department Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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