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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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    More about this property
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