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    1774 Burnet Ave Union, NJ 07083

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    For Sale
    $4,080,000

    Retail property in a busy Union district, built in 1972.

    Property Features for 1774 Burnet Ave

    General Information

    Standard status
    Active
    Source: Corcoran

    Listing Agent: Howard Joh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Union Retail Property For Sale

    Located in a busy district of Union, this retail property was constructed in 1972 and has been updated periodically. The property currently houses a deli, a liquor store, and a Chinese take-out restaurant. Further details are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Target Grocery, Quality Brazilian Market

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.268704
    Latitude
    40.7156779

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property in a busy Union district, built in 1972.
    Where is this grocery and convenience store located?
    The property is located at 1774 Burnet Ave Union, NJ.
    What is the asking price?
    The asking price for this property is $4,080,000.
    What are key features of this property?
    This property features: - Located in a busy district of Union.; - Includes a Deli.; - Includes a Liquor Store.
    Request Owner's contact information
    1774 Burnet Ave 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
    1774 Burnet Ave Union, NJ 07083
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