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Mixed-Use Property with 43 Apartments

2003 Morris Avenue Condo 2, Union, NJ 07083

For Sale
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A separate commercial parcel offers 25,000+/- SF configured for events, professional offices, and coworking.

Property Size25,000 SF
Days on Market29

Property Features for 2003 Morris Avenue Condo 2

General Information

Standard status Active
Size 25,000 SF
Property subtype Multifamily

Additional Details

Multifamily Units 43
Property Use Professional Office

Amenities

fitness center
media lounge
package management area
recreational party room
rooftop lounge and terrace
in-unit laundry

Building Details

Year Built 2024
Listing Agency: Max Spann Realtors
Listed By: Max Spann · License #8331140
Source: Crexi
Added: Oct 12 Changed: Nov 8 Last Checked: Nov 8 at 4:02PM

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 Max Spann Realtors

Rey
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Investment Insights

Based on property information with market context.

The property includes 43 apartments completed in 2024, with studios, one-bedroom, one-bedroom-plus-den, and two-bedroom layouts. Residences feature open plans, in-unit laundry, modern finishes, and individually controlled utilities. Shared amenities include a fitness center, media lounge, package area, party room, and rooftop lounge and terrace. Covered and surface parking are available.

A second parcel contains 25,000+/- SF of commercial space, currently arranged for event use, professional offices, and coworking. The listed potential uses also include retail, medical, office, education, and fitness. The parcels may be acquired individually or together.

Key Highlights

  • 43 apartments across studio, one‑bedroom, one‑bedroom‑plus‑den, and two‑bedroom layouts
  • Apartment building completed in 2024
  • In‑unit laundry and individually controlled utilities

Property Analytics

Current Use

Coworking space

Suggested Use

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

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

43
Residential units

Location Intelligence

Trade Area within ½ mile

1,599
Businesses Nearby

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

Average Price Trend$/SF for Mixed-use properties in Union County, NJ

$390 Jul
$373 Aug
$370 Sep
$400 Oct

Properties on Market for Mixed-use properties in Union County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A separate commercial parcel offers 25,000+/- SF configured for events, professional offices, and coworking.
Where is this mixed-use property located?
The property is located at 2003 Morris Avenue Condo 2 Union, NJ.
What are key features of this property?
This property features: 43 apartments across studio, one‑bedroom, one‑bedroom‑plus‑den, and two‑bedroom layouts; Apartment building completed in 2024; In‑unit laundry and individually controlled utilities
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