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Retail Space in Busy Strip
For Lease
$6,560/Mo NNN

21 Union Ave, Somerville, NJ 08876

3280 SF retail unit in high-visibility strip mall.

Space SizeContact for details
Property Size3,280 SF
Lot Size1.61 Acres
Days on Market164

Property Features for 21 Union Ave

General Information

Standard status Active
Size 3,280 SF
Lot size 1.61 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $88,171

Building Details

Building Size 3,280 SF
Year Built 1999
Stories 1
Listing Agency: BHHS FOX & ROACH
Listed By: TIM DELUCCIA
Source: Elliman
Added: Mar 10 Changed: Aug 14 Last Checked: Aug 20 at 11:19AM

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 BHHS FOX & ROACH

Investment Insights

Based on property information with market context.

This spacious 3280 square foot retail unit is available for lease within a busy strip mall. The property benefits from high visibility along a major highway and features ample parking. It is well-suited for retail businesses. The lease is offered at a gross rate of $18.00 per square foot, plus NNN.

Key Highlights

  • High visibility location on a major highway
  • Spacious 3280 sq ft retail unit
  • Located in a busy strip mall

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Pet Grooming Service Furniture & Home Goods Daycare Center Home Appliance Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,771
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Sunoco Shops & Services
2,683 visits/mo 0.5 miles
Fullerton Ford Shops & Services
2,430 visits/mo 0.5 miles

Demographics for 08876, NJ

22,849
Population
9,717
Households
2.4
Avg Household Size
40
Median Age
56%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
1,428
Density / Sq Mi
$120,823
Median Household Income
$70,464
Median Earnings
$1,776
Median Rent
$468,400
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
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Frequently Asked Questions

What type of property is this?
Strip mall - 3280 SF retail unit in high-visibility strip mall.
Where is this strip mall located?
The property is located at 21 Union Ave Somerville, NJ.
What is the lease rate?
The lease rate is $6,560/Mo.
What are key features of this property?
This property features: High visibility location on a major highway; Spacious 3280 sq ft retail unit; Located in a busy strip mall
More about this property
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