Union Retail Investment
1306 Stuyvesant Ave Union, NJ 07083
For Sale
$599,000
Pending
Prime retail property in Union's bustling downtown, excellent investment.
Property Size2,100 SF
Lot Size0.17 Acres
Days on Market506
Property Features for 1306 Stuyvesant Ave
General Information
Standard status
Pending
Size
2,100 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
RE/MAX SIGNATURE HOMES
(201) 660-9933
Listed By:
REBECCA LA PIRA · License #998063117
Source:
Corcoran
Added: Mar 11, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:05AM
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 SIGNATURE HOMES
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of Union's downtown on Stuyvesant Avenue, a thriving business district. It features two commercial retail spaces with high visibility and foot traffic. The property offers ample parking for customers and employees. The property is fully leased with strong rental potential and is situated near major highways, public transportation, and local attractions. The property size is 2100 square feet.
Key Highlights
- Prime location in Union's bustling downtown on Stuyvesant Avenue.
- Fully leased commercial retail spaces with strong rental potential.
- High visibility and excellent foot traffic.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $21.60 |
| − Vacancy | −$2.5k | −$1.21 |
| EGI | $42.8k | $20.39 |
| − OpEx | −$12.8k | −$6.12 |
| NOI | $30.0k | $14.27 |
2,100 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$428.2K
$374.7K – $499.6K
NOI $29,974 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$548.4K
$479.8K – $639.8K
NOI $38,385 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail property in Union's bustling downtown, excellent investment.
Where is this retail space located?
The property is located at 1306 Stuyvesant Ave Union, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location in Union's bustling downtown on Stuyvesant Avenue.; Fully leased commercial retail spaces with strong rental potential.; High visibility and excellent foot traffic.
