Operating Grocery
1509 Morris Avenue, Union, NJ 07083
For Sale
Contact for pricing
The offering covers the store business and leasehold interest; the underlying property is excluded.
Property Size4,000 SF
Price / SF$75
Days on Market14
Property Features for 1509 Morris Avenue
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Business Included
Additional Details
Currently Operating
Listing Agency:
Ripco Real Estate LLC
Listed By:
Alexis Fiore · License #NJ
(201) 268-3849
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:52PM
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 Ripco Real Estate LLC
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Investment Insights
Based on property information with market context.
This offering is for an operating food market business and its leasehold interest, rather than the real estate. The store occupies approximately 4,000 square feet on Morris Avenue, also designated Route 82, in Union, New Jersey.
Regional routes serving the township include the Garden State Parkway, I-78, and U.S. Route 22. Kean University’s main campus is also located on Morris Avenue.
Regional routes serving the township include the Garden State Parkway, I-78, and U.S. Route 22. Kean University’s main campus is also located on Morris Avenue.
Key Highlights
- Approximately 4,000 SF food market
- Sale includes the operating business and leasehold interest; real estate is excluded
- Located on Morris Avenue (Route 82) in Union, New Jersey
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
216k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Apparel 24%
Home Improvements & Furnishings 22%
Dining 7%
Wawa
Shops & Services
71,221 visits/mo
0.5 miles
Burlington
Apparel
51,967 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
43,972 visits/mo
0.4 miles
BP
Shops & Services
14,436 visits/mo
0.1 miles
QuickChek
Shops & Services
11,385 visits/mo
0.1 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- полькая лавка — 1308 Morris Ave, Union, NJ 07083
- Seabra Foods Hillside — 1132 Liberty Ave, Hillside, NJ 07205
- A&J Seabra's — Hillside, NJ 07205
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The offering covers the store business and leasehold interest; the underlying property is excluded.
Where is this grocery and convenience store located?
The property is located at 1509 Morris Avenue Union, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 4,000 SF food market; Sale includes the operating business and leasehold interest; real estate is excluded; Located on Morris Avenue (Route 82) in Union, New Jersey
