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Union Retail Investment Opportunity

1306 Stuyvesant Ave, Union, NJ 07083

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For Sale

$599,000

Prime retail property in Union's bustling downtown, excellent investment.

Type:Commercial

Property size:

2,100 SF

Lot size:

0.17 Acres

Price / SF:

$285/SF

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.
Ample parking for customers and employees.
Strategic location near major highways and public transportation.
Exceptional investment opportunity in a desirable business corridor.

We can help!

Listing Contact

REBECCA LA PIRA

For Sale

$599,000

Prime retail property in Union's bustling downtown, excellent investment.

Type:Commercial

Property size:

2,100 SF

Lot size:

0.17 Acres

Price / SF:

$285/SF

Added:: Mar 11, 2025
Days on Market:: 460
Last Refresh:: Apr 5 at 9:13 pm

Property Features for 1306 Stuyvesant Ave

General Information

Standard status: Active
Size: 2,100 SF
Lot size: 0.17 Acres
Property subtype: Commercial

Building Details

Year Built: 1958

We can help!

Listing Contact

REBECCA LA PIRA

Listing agent REBECCA LA PIRA License #998063117

Listing office RE/MAX SIGNATURE HOMES

Listing date Mar 11, 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 SIGNATURE HOMES

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.
Ample parking for customers and employees.
Strategic location near major highways and public transportation.
Exceptional investment opportunity in a desirable business corridor.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $38,385 @ 7.0% cap · market cap 6.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Union
County: Union
State: New Jersey
Longitude: -74.2645
Latitude: 40.7016

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For sale
Retail space
NJ
Union
07083
1306 Stuyvesant Ave

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.