Listing Agency: Weichert Commercial Brokerage Inc Edison

Listed By: Steven Tenenbaum · License #NJ 8437955

Source: Crexi

Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 9:29AM

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Investment Insights

Based on property information with market context.

The offering consists of 4,400 square feet of industrial space at 2131-2133 Morris Avenue, Union, NJ 07083. The property is presented for sale with a reported 7.54% cap rate.

Key Highlights

• 4,400 SF of industrial space
• Reported 7.54% cap rate
• Located at 2131‑2133 Morris Avenue, Union, NJ 07083

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Daycare Center Parking Lot & Garage Nursing Home (Bike/Boat/Book/etc) Store Butcher Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,740

Businesses Nearby

Explore this area Business Placement

Demographics for 07083, NJ

56,131

Population

20,792

Households

2.7

Avg Household Size

41

Median Age

41%

College-Educated

89%

High-School Grad

8.7 sq mi

ZIP Area

6,452

Density / Sq Mi

$118,106

Median Household Income

$58,443

Median Earnings

$1,938

Median Rent

$425,600

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - This industrial property is offered for sale in Union, New Jersey.

Where is this industrial property located?

The property is located at 2131-2133 Morris Avenue Union, NJ.

What are key features of this property?

This property features: 4,400 SF of industrial space; Reported 7.54% cap rate; Located at 2131‑2133 Morris Avenue, Union, NJ 07083