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Property profile & analytics
OFF-MARKET
Commercial real estate

1331 Magie Ave Union, NJ 07083-8080

1.55 ac lot
Individually Owned 37-yr Hold Free & Clear
Property ID
US59-1864667
Property summary
AI-generated overview

This exceptional retail property, located at 1331 Magie Avenue in Union Township, New Jersey, presents a unique investment opportunity. Priced at $130,000, this established vape shop is being offered fully furnished and stocked with merchandise, representing a turnkey operation for a new owner. The current owner is relocating and is only selling due to this circumstance, making this a rare chance to acquire a profitable business. The property's address is 1331 Magie Avenue, Union Twp, NJ 07083. The building's year of construction is not specified. Beyond the core vape shop business, this property generates additional weekly income through lottery sales and ATM commissions, providing a significant boost to overall profitability. This represents a compelling opportunity for an entrepreneur seeking an established business with immediate revenue streams. The sale includes all existing furnishings and merchandise, minimizing upfront investment costs for the buyer. This is a truly exceptional opportunity to own and operate a successful business in a desirable location. Don't miss this chance to acquire a profitable, established business with additional income streams.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.55 ac (67,562 SF)
APN 19 00405-0000-00049
UPID US59-1864667
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Assoc%magie Hill Polevoy · 37 yrs held
Assoc%magie Hill Polevoy
since 1988
1 recorded transaction
1988
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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