Building Details

Year Built 2002

Listing Agency: RE/MAX COUNTRY REALTY Show Phone

Listed By: RUZICA DJORDJEVIC · License #10331200165 Show Phone

Source: Corcoran

Added: Feb 5 Changed: Sep 2 Last Checked: Sep 1 at 8:13PM

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Investment Insights

Based on property information with market context.

This commercial space offers flexibility, visibility, and convenience. It is suitable for entrepreneurs and established businesses with multiple use possibilities. The property is located minutes from ShopRite, benefiting from steady traffic and easy accessibility. Ample parking is available. The gross lease structure makes this an attractive opportunity.

Key Highlights

• Multiple use possibilities offer flexibility for various business types.
• High visibility location ensures strong exposure.
• Conveniently located minutes from ShopRite, benefiting from steady traffic.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Building Supply Auto Parts Store Dental Office Electrical 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.

Lease Details

Gross

Lease Type

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

79k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 46% Apparel 25% Dining 22% Shops & Services 7%

ShopRite Groceries

36,670 visits/mo 0.1 miles

T.J. Maxx Apparel

19,554 visits/mo 0.2 miles

McDonald's Dining

16,882 visits/mo 0.1 miles

Wells Fargo Shops & Services

5,140 visits/mo 0.1 miles

Domino's Pizza Dining

734 visits/mo 0.4 miles

Demographics for 07480, NJ

15,358

Population

6,239

Households

2.5

Avg Household Size

47

Median Age

40%

College-Educated

95%

High-School Grad

33.1 sq mi

ZIP Area

464

Density / Sq Mi

$114,056

Median Household Income

$59,619

Median Earnings

$1,433

Median Rent

$362,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible commercial space near ShopRite with ample parking.

Where is this retail space located?

The property is located at 1499 Union Valley Rd West Milford, NJ.

What is the lease rate?

The lease rate is $1,500/Mo.

What are key features of this property?

This property features: Multiple use possibilities offer flexibility for various business types.; High visibility location ensures strong exposure.; Conveniently located minutes from ShopRite, benefiting from steady traffic.