1000 Ikea Dr, Elizabeth, NJ 07201
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.