Retail Space with Loading
For Sale
$2,699,000
454 Chestnut St #454, Union, NJ 07083
The retail layout includes refrigerated display units, a walk-in freezer, and dedicated rear loading access.
Property Size6,188 SF
Price / SF$436.17
Days on Market255
Property Features for 454 Chestnut St #454
General Information
Standard status
Active
Size
6,188 SF
Property subtype
Commercial
Zoning
Commercial
Amenities
glass entry foyer
rear loading dock
private parking lot
shopping cart corral
roller conveyor system
walk-in freezer
Building Details
Building Size
6,188 SF
Year Built
2019
Stories
1
Units
1
Listing Agency:
Keller Williams Realty
Listed By:
Michael Martinetti · License #297275
(908) 233-8502
Source:
Cammarotarealestate
Added: Feb 10
Changed: Oct 22
Last Checked: Oct 22 at 2:38PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This retail space at 454 Chestnut St in Union, New Jersey, has an open main-floor sales area with a glass entry foyer and two sets of doors. Existing equipment includes multiple refrigerated display units, a walk-in freezer, extended counter space, two bathrooms, and utility sinks. A roller conveyor links the basement to the main level, while a rear loading dock supports deliveries. The property was built in 2019.
The basement measures 6,188 square feet and includes storage, a utility room, a private office, and a utility sink. A private parking lot and shopping cart corral are also part of the property.
The basement measures 6,188 square feet and includes storage, a utility room, a private office, and a utility sink. A private parking lot and shopping cart corral are also part of the property.
Key Highlights
- Open main‑level retail area measuring over 6,000 square feet
- Basement provides 6,188 square feet of storage and support space
- Rear loading dock and private parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,323
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,460
$1.8M
Cap Rate 7%
$1,261,757
$1.3M
Cap Rate 9%
$981,367
$981.4K
Market Conditions
NOI Build-Up for 6,188 SF
Gross rent
$133.7K $21.60/SF
− Vacancy
−$7.5K −$1.21/SF
EGI
$126.2K $20.39/SF
− OpEx
−$37.9K −$6.12/SF
NOI
$88.3K $14.27/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,460
Cap Rate 7%
$1,261,757
Cap Rate 9%
$981,367
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,323 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,107 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 32%
Groceries 23%
Beauty & Spa 3%
Seabra's Market
Groceries
27,031 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,555 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,151 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,140 visits/mo
0.5 miles
Bank of America
Shops & Services
8,929 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The retail layout includes refrigerated display units, a walk-in freezer, and dedicated rear loading access.
Where is this retail space located?
The property is located at 454 Chestnut St #454 Union, NJ.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Open main‑level retail area measuring over 6,000 square feet; Basement provides 6,188 square feet of storage and support space; Rear loading dock and private parking lot
