Retail/Professional Building on Corner Lot

1360 Stuyvesant Ave, Union, NJ 07083

View on Map

For Sale

$915,000

Well-maintained building with parking, income potential, and renovated unit.

Type:Commercial

Property size:

4,100 SF

Lot size:

0.25 Acres

Price / SF:

$223/SF

HighLights

Two Units (Convertible to Three): Offers flexibility.
Expansive 11,000 sq. ft. Corner Lot with Private Parking for 8+ cars.
Fully Renovated Vacant Unit: Features new bathrooms, kitchenette, paint, flooring, CAC, electric service, roof, and hot water heater.
Long‑Term Tenant in Second Unit: Provides immediate rental income.
Ample Storage in Full Basement with 7 ft ceilings.
Security System and French Drain: Offers added security and basement functionality with a sump pump.

We can help!

Listing Contact

BARBARA MULCAHY

For Sale

$915,000

Well-maintained building with parking, income potential, and renovated unit.

Type:Commercial

Property size:

4,100 SF

Lot size:

0.25 Acres

Price / SF:

$223/SF

Added:: Jan 17, 2025
Days on Market:: 512
Last Refresh:: Apr 5 at 9:06 pm

Property Features for 1360 Stuyvesant Ave

General Information

Standard status: Active
Size: 4,100 SF
Lot size: 0.25 Acres
Property subtype: Commercial

Building Details

Year Built: 1953

We can help!

Listing Contact

BARBARA MULCAHY

Listing agent BARBARA MULCAHY License #230254

Listing office RE/MAX INTEGRITY ADVANTAGE

Listing date Jan 17, 2025

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX INTEGRITY ADVANTAGE

HighLights

Two Units (Convertible to Three): Offers flexibility.
Expansive 11,000 sq. ft. Corner Lot with Private Parking for 8+ cars.
Fully Renovated Vacant Unit: Features new bathrooms, kitchenette, paint, flooring, CAC, electric service, roof, and hot water heater.
Long‑Term Tenant in Second Unit: Provides immediate rental income.
Ample Storage in Full Basement with 7 ft ceilings.
Security System and French Drain: Offers added security and basement functionality with a sump pump.

Overview

This well-maintained retail/professional building is situated on an expansive 11,000 sq. ft. corner lot and includes private parking for 8+ cars. The property features two units, which can be converted back to three units. One unit is vacant and fully renovated, featuring new bathrooms, a kitchenette, fresh paint, ceramic tile and laminate flooring, newer CAC, electric service, a new roof, and a new hot water heater. The second unit is occupied by a long-term tenant. Both units feature 10 ft ceilings. The full basement offers ample storage space with 7 ft ceilings and includes a French drain with a sump pump. A built-in security system is in place. The property offers 4,100 sqft of space and is suited for store owners or entrepreneurs looking to own their own space while benefiting from rental income.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$123.0k	$30.00
− Vacancy	−$39.4k	−$9.60
EGI	$83.6k	$20.40
− OpEx	−$20.9k	−$5.10
NOI	$62.7k	$15.30

4,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$896.1K

$784.1K – $1.05M (±1% cap)

NOI $62,730 @ 7.0% cap · market cap 6.86%

Second Best

Retail

$836.0K

$731.5K – $975.3K (±1% cap)

NOI $58,520 @ 7.0% cap · market cap 6.40%

Theoretical Best

Office A

$1.07M

$936.8K – $1.25M (±1% cap)

NOI $74,941 @ 7.0% cap · market cap 8.19%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Norma's Flowers — 945 Stuyvesant Ave. Unit 3, Union, NJ 07083
OT Florist Union — 623 chestnut st, union, nj 07083
Union Flower Shop — 1439 Stuyvesant Ave., Union, NJ 07083
Mimi Planned Events & Party Rentals
More Than A Gift Inc — 1871 Vauxhall Rd, Union, NJ 07083

Location Insight

Map
Local Demand

City: Union
County: Union
State: New Jersey
Longitude: -74.2632
Latitude: 40.7031

Nearby Similar for Sale

$2,699,000

6,188 SF

Turnkey Retail Opportunity in Union

Prime commercial property with existing retail infrastructure in Union, NJ.

454 Chestnut St, Union Twp., NJ 07083-9306

View Details
$1,049,000

3,500 SF

Renovated Two-Family Home in Union

Spacious, renovated two-family home with modern updates and flexible living.

859 Dewey St, Union Twp., NJ 07083-6824

View Details
$1,300,000

1,954 SF

Church Building with Hardwood Sanctuary

Well-maintained church facility with sanctuary seating up to 100, private pastor’s suite, and on-site parking for events and services.

1608 Porter Rd, Union Twp., NJ 07083-4322

View Details
$699,000

Two-Unit Two-Story Residential Income

Spacious two-family home with a finished basement and updated second-floor interior, offering two distinct, light-filled units.

304 Concord Ave, Union Twp., NJ 07083-4219

View Details
$699,000

Two-Family Home with Finished Basement

A two-unit residential income property with a finished basement, offering separate living spaces and flexible owner-occupant options.

304 Concord Avenue, Union Twp, NJ 07083

View Details
$900,000

Union Twp. Multi-Family Home

Spacious two-family home in Union Twp., ideal for investment.

1029 Gifford Ct, Union Twp., NJ 07083-6801

View Details
$915,000

4,100 SF

Retail/Professional Building on Corner Lot

Well-maintained retail/professional building with two units and parking.

1360 Stuyvesant Ave, Union Twp., NJ 07083-5383

View Details
$1,250,000

2,800 SF

Prime Union Commercial Property For Sale

Iconic property in Union's thriving Downtown Transition Zone.

1307 Stuyvesant Ave, Union Twp., NJ 07083

View Details
$2,699,000

6,188 SF

Turnkey Retail Opportunity in Union

Prime commercial property with existing retail infrastructure in Union, NJ.

454 Chestnut St, Union Twp., NJ 07083

View Details
$1,049,000

Renovated Two-Family Home in Union

Turnkey investment opportunity with high-end residential comfort.

1016 Gifford Ct, Union Twp., NJ 07083-6801

View Details
$849,000

Renovated Duplex in Union Township

Meticulously renovated duplex, perfect for living or investment.

1066-1068 W Chestnut St, Union Twp., NJ 07083-6764

View Details
$1,650

650 SF

Updated Commercial Space on Burnet

Newly updated 650sf commercial unit with excellent visibility.

1300 Burnet Avenue, Union Twp, NJ 07083

View Details

For sale
Storefront properties
NJ
Union
07083
1360 Stuyvesant Ave

What type of property is this?

Storefront property - Well-maintained building with parking, income potential, and renovated unit.

Where is this storefront property located?

The property is located at 1360 Stuyvesant Ave Union, NJ.

What is the asking price?

The asking price for this property is $915,000.

What are key features of this property?

This property features: Two Units (Convertible to Three): Offers flexibility.; Expansive 11,000 sq. ft. Corner Lot with Private Parking for 8+ cars.; Fully Renovated Vacant Unit: Features new bathrooms, kitchenette, paint, flooring, CAC, electric service, roof, and hot water heater.