April 11, 2023 – David McLaughlin and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of 2714 Morris Avenue in Union, New Jersey. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $925,000.
2714 Morris Avenue is a single-story, brick building that contains 4,250 square feet of rentable space and twelve (12) on-site parking spaces. The Property is versatile and can be used as a single tenant or multi-tenant building, and can function well as retail, professional or office space offering flexibility when looking for tenants. The Property was previously leased to a tanning salon for more than 25 years. The Property was delivered vacant. The versatile Property can support retail, office, or professional tenants and can be used as a single tenant building or a multi-tenant building, allowing for a larger pool of potential tenants. The Property is well-located along Morris Avenue, one of the area’s primary commercial corridors. The Property enjoys excellent visibility and frontage along one of the area’s busiest roads and is ideally situated in between Interstate 78 and the Garden State Parkway, the area’s two main highways. The Property is also close to US Route 22 and is less than 2-miles from the Millburn Train Station and 3.7-miles from the Union Train Station. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities, and business parks. Union is a bedroom community of New York City, located just 20-miles to the west of the city, the area is home to densely populated residential neighborhoods.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.