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Five Unit Retail Building for Sale 1921 Morris Ave 3,970 SF 3% Leased Retail Building Union Township, NJ 07083 $1,450,000 ($365.24/SF)



Investment Highlights
- Five Unit Retail
- 12 Car Private Parking Lot
- Separate Entrances & Utilities
Executive Summary
Five-Unit Retail Building for Sale on busy Rt 82, Morris Avenue in Union Town Center. Currently used as a Grocery Store, each unit has its own Utilities, Basements, Bathrooms, and Front & Rear Entrances for dividing into separate spaces for extra rental income. Units 1 & 2 have a shared Gas Furnace & CAC, Units 3 & 4 have Wall Mounted Heat Pumps & AC units, and Unit 5 currently leased month to month, has its own Gas Furnace & CAC. Also includes a Full Kitchen with Hood & Front Counter Area in Unit 1, a Full Kitchen & Hood in Unit 2, a Hard Wired Central Monitored Fire Alarm, a 12 Car Private Parking Lot & Building Signage. Owner is replacing Roof currently, as well. On Busy Rt 82, on the corner of Morris & Grandview Avenues with high Traffic Count Volume & Great Exposure, this versatile Five-Unit Retail Building is perfect for an Owner Occupier or Investor, and must be seen to be appreciated ! Of Note; Agent Showings will start on 7/17/26.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,970 SF
Year Built
1920
Price
$1,450,000
Price Per SF
$365.24
Percent Leased
3%
Building Height
1 Story
Building FAR
0.53
Lot Size
0.17 AC
Zoning
Commercial
Parking
12 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
75’ on Morris Avenue, Rt 82
Amenities
- Corner Lot
- Signage
- Air Conditioning
- Cafe
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-02317-0000-00005 | Improvements Assessment | $47,700 |
| Land Assessment | $30,000 | Total Assessment | $77,700 |
Property Taxes
Parcel Number
19-02317-0000-00005
Land Assessment
$30,000
Improvements Assessment
$47,700
Total Assessment
$77,700
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Five Unit Retail Building for Sale | 1921 Morris Ave
