2029 Morris Ave | Union, NJ 07083
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- LoopNet Team
2029 Morris Ave
Union, NJ 07083
Executive West · Office Property For Sale
Investment Highlights
- ±14,000-SF, two-story, multi-tenant office building positioned on ±0.63 acres in the heart of Downtown Union, New Jersey.
- Below market rents – in-place rents are ±38% below submarket average.
- Proximity to Garden State Parkway, Route 22, and I-78.
- Ideal for users, value-add investors or developers; upside through lease-up of 60% when ownership vacates its prime space.
- Attractive, walkable, amenity-rich downtown location and flexible zoning allow for various uses, including office, retail, and more.
- 15-20 miles to Manhattan via Holland and Lincoln tunnels.
PROPERTY FACTS
Property Type
Office
Building Size
14,000 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,000 SF
Building FAR
0.51
Lot Size
0.63 AC
Zoning
BB
PROPERTY TAXES
| Parcel Number | 19-04214-0000-00006-01 | Improvements Assessment | $203,300 |
| Land Assessment | $109,800 | Total Assessment | $313,100 |
PROPERTY TAXES
Parcel Number
19-04214-0000-00006-01
Land Assessment
$109,800
Improvements Assessment
$203,300
Total Assessment
$313,100
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