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Property profile & analytics
FOR LEASE
Commercial real estate

477 Chestnut St 1 Union, NJ 07083

0.17 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US59-1789704
Property summary
AI-generated overview

This exceptional office property, located at 477 Chestnut Street in Union, New Jersey, presents a unique investment opportunity. Priced affordably at $9,998, this property offers a convenient and accessible location within the vibrant Union Township. While the exact square footage is currently unavailable, the property's compact size makes it ideal for a small business or entrepreneur seeking a cost-effective workspace. The property is situated on a lot with no acreage specified, minimizing land maintenance responsibilities. The building's classification as an office space suggests its suitability for various professional uses, potentially including administrative offices, consulting firms, or small-scale business operations. Given the price point, this property is particularly attractive to buyers seeking a low-cost entry into the Union commercial real estate market. The address, 477 Chestnut Street, provides excellent visibility and accessibility, contributing to its overall appeal. Further details regarding the property's internal layout and features are available upon request. This is an excellent opportunity to acquire a functional and well-situated office space in a thriving New Jersey community. Serious inquiries are encouraged to explore this promising investment prospect. The property is ready for immediate occupancy, offering a swift transition for businesses seeking a new home.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction METAL FRAME
Lot 0.17 ac (7,353 SF)
APN 19 02504-0000-00001
UPID US59-1789704
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Optimum Environmental Solutions LLC · 1 yrs held
Optimum Environmental Solutions LLC
since 2024
2 recorded transactions
2024
$860,000
1988
$420,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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