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    1478 Morris Ave Union, NJ 07083-6333
    Property profile & analytics

    1478 Morris Ave Union, NJ 07083-6333


    • Commercial real estate
    • 0.20 lot acres
    Off-Market
    Last Sale Jun 13, 2022
    $800,000
    Property ID
    US59-2867637
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1478 Morris Ave

    Construction
    BRICK
    Lot size
    0.20 lot acres
    Property type
    Commercial real estate
    APN
    19 01306-0000-00022
    APU
    1901306000000022

    Description

    This exceptional 5,400 square foot medical office building in Union, New Jersey, is available for $1,749,000. Located on a high-traffic corner at 1478 Morris Ave, 07083, this two-story building boasts a prime location with excellent visibility. A recent, complete gut renovation included a waterproofed foundation, new roof, state-of-the-art HVAC systems (two units and a rooftop unit), upgraded plumbing (including new gas lines and water heater), new electrical system with updated wiring and ceiling light fixtures, new interior walls, modern flooring throughout, and new windows and doors. The renovation also encompassed enhanced accessibility with replacement of front, rear, and basement steps, and exterior improvements including landscaping and a rejuvenated rear parking lot providing ample parking. Construction is expected to be completed September 1, 2023. The current build-out is subject to change based on buyer requests. This property presents a remarkable opportunity for a medical practice seeking a modern, well-equipped space in a thriving location. The building's extensive upgrades ensure a comfortable and functional environment for both staff and patients.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $965,000
      ML approach
      $960,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.2495
    Latitude
    40.69
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $21,334
    $35,500
    $66,500
    $102,000
    -
    $35,500
    $66,500
    $102,000
    More about this property
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