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    1767 Morris Ave Union, NJ 07083

    Sponsored
    For Lease
    $18 SF/Yr

    Newly Renovated Office Space Available

    Lot size:
    35,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This three-story, 35,000-square-foot Class B office building in Union, NJ, offers flexible space ideal for traditional or medical offices. Recently renovated in 2023, the property boasts 7,667 square feet of immediately available space, with suites ranging from 200 to 9,000 contiguous square feet. Located on Morris Avenue, near the Garden State Parkway and Kean University, it provides convenient access to major transportation arteries, including NJ Transit bus stops, Elizabeth Train Station, Newark International Airport, and Routes 1, 9, and 28. The building features 91 parking spaces, one elevator, and a 9-foot ceiling height. Amenities include 24-hour and controlled access, a courtyard, and outdoor seating. The building sits on 1.71 acres of land and has a building floor area ratio (FAR) of 0.47. Built in 1979, this property offers a prime location with excellent visibility and accessibility. A special promotional rate of $18 per square foot is available for the first year of lease term for all leases signed within 30 days.

    Property Features for 1767 Morris Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,000 SF
    Class
    B
    Total Rate
    52500

    Building Details

    Year Built/Renovated
    1979/2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Unit 301
    Size
    200 SF
    Space
    Unit 308
    Size
    2,294 SF
    Rate per SF
    $18
    Space
    Unit 218
    Size
    2,500 SF
    Rate per SF
    $18
    Space
    Unit 307
    Size
    1,615 SF
    Rate per SF
    $18
    Space
    Unit 302
    Size
    980 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.259484122816
    Latitude
    40.694142196074

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    FAQs

    What type of property is this?
    Medical office - Newly Renovated Office Space Available
    Where is this medical office located?
    The property is located at 1767 Morris Ave Union, NJ.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    Request Owner's contact information
    1767 Morris Ave Union, NJ 07083
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    Union, NJ 07083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1767 Morris Ave Union, NJ 07083
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