477 Chestnut St 1, Union, NJ 07083
For Lease
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This exceptional office property, located at 477 Chestnut Street in Union, New Jersey, presents a unique investment opportunity. Priced affordably at $9,998, this property offers a convenient and accessible location within the vibrant Union Township. While the exact square footage is currently unavailable, the property's compact size makes it ideal for a small business or entrepreneur seeking a cost-effective workspace. The property is situated on a lot with no acreage specified, minimizing land maintenance responsibilities. The building's classification as an office space suggests its suitability for various professional uses, potentially including administrative offices, consulting firms, or small-scale business operations. Given the price point, this property is particularly attractive to buyers seeking a low-cost entry into the Union commercial real estate market. The address, 477 Chestnut Street, provides excellent visibility and accessibility, contributing to its overall appeal. Further details regarding the property's internal layout and features are available upon request. This is an excellent opportunity to acquire a functional and well-situated office space in a thriving New Jersey community. Serious inquiries are encouraged to explore this promising investment prospect. The property is ready for immediate occupancy, offering a swift transition for businesses seeking a new home.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.