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    OFF-MARKET
    Retail properties & Spaces

    1000 Ikea Dr, Elizabeth, NJ 07201

    1 SF
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Retail properties & Spaces
    Total area 1 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Blink Charging Station Electric Vehicle Charging Station
    • Dela Management Corporation Business Management Consultant
    • IKEA Furniture & Home Goods Home Decor Store
    • Elizabeth Center Shopping Center & Mall
    • IDEA Drug Detox Elizabeth, NJ Department Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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