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    1331 Magie Ave Store Front Union, NJ 07083

    Sponsored
    For Sale
    Contact for pricing

    Busy Strip Mall, 1450 sq ft, Excellent Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 1450-square-foot retail space is ideally situated in a thriving Union, NJ strip mall, boasting high visibility and foot traffic. Located at 1331 Magie Ave (Store Front E), this property offers a fantastic opportunity for a wide range of businesses. The property sits on a 1.55-acre lot and benefits from its proximity to established and successful businesses, including Atlantic Federal Credit Union, a laundromat, El Lechon de Negron, and a pizzeria. This ensures a steady stream of potential customers and a vibrant commercial environment. The space is perfect for almost any type of business seeking a high-traffic location with excellent visibility. The lease terms include a base rent of $1700, plus a $700 CAM charge, and are structured as a NNN lease. The property is available for occupancy starting November 1st, 2024. This is a rare opportunity to secure a prime retail space in a bustling commercial area. Don't miss out on this chance to establish or expand your business in a highly desirable location. The property's size and location make it an attractive option for a variety of retail ventures. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 1331 Magie Ave Store Front

    General Information

    Property type
    Other commercial real estate
    Lot Size
    67,518 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.25394
    Latitude
    40.67097

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    FAQs

    What type of property is this?
    Commercial real estate - Busy Strip Mall, 1450 sq ft, Excellent Visibility
    Where is this commercial real estate located?
    The property is located at 1331 Magie Ave Store Front Union, NJ.
    What is the asking price?
    The asking price for this property is $1,700.
    (908) 325-5300
    Request Owner's contact information
    1331 Magie Ave Store Front Union, NJ 07083
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    Union, NJ 07083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1331 Magie Ave Store Front Union, NJ 07083
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