Commercial space For Sale in Union City, NJ
MLS# : 24033684
PROPERTY DETAILS
PROPERTY DESCRIPTION
LOCATION, LOCATION LOCATION. MIXED-USE INVESTMENT PROPERTY. ONE COMMERCIAL AND TWO RESIDENTIAL UNITS. EASY TO MANAGE AND A GREAT CASH FLOW INVESTMENT. ALL NUMBERS ARE ACTUAL AND FULLY OCCUPIED. THIS PROPERTY IS LOCATED IN ONE OF NEW JERSEY PREMIER INVESTMENT CITIES AND HIGHLY SORT AFTER BUSINESS DISTRICT. ONLY TWO MILES AWAY FROM HOBOKEN, BORDERING JERSEY CITY HEIGHTS, AND 5 MILES FROM MIDTOWN NYC WITH DIRECT TRANSPORTATION. BERGENLINE AVE IS THE MAIN COMMERCIAL DISTRICT IN UNION CITY, WHICH IS LINED WITH SHOPS AND BUSTLING WITH ACTIVITY SEVEN DAYS A WEEK. LOCATED IN AN OPPORTUNITY ZONE. RESIDENTIAL UNIT 1 COMPRISES OF 3 BEDROOMS, ONE BATH, LIVING ROOM AND EAT IN KITCHEN. RESIDENTIAL UNIT 2 COMPRISES OF 4 BEDROOMS, 2 FULL BATHS, LIVING ROOM AND EAT IN KITCHEN. COMMERCIAL SPACE IS A WELL ESTABLISHED BAKERY WITH A LONG TERM LEASE TILL 2029 WITH APPROPRIATE INCREMENTAL INCREASES. GREAT INVESTMENT OPPORTUNITY.
Amenities
This listing is a courtesy of Keller Williams Town Life
(201) 894-8004 office, listing agent Jose Ortega
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $563,786 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $415,093 |
| Apatments Sold* (12mo): | 133 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $489,000 - 998,000 | 6 avail |
| Condos : | $85,000 - 1,399,999 | 53 avail |
| Co-ops : | $248,000 - 589,900 | 15 avail |
| Twnhs : | $489,000 - 489,000 | 1 avail |
| 2-4 Fam : | $550,000 - 1,899,000 | 22 avail |
| 5+ Fam : | $849,000 - 1,999,000 | 8 avail |
| Land : | $400,000 - 999,000 | 3 avail |
| Rentals : | $2,100 - 5,000 | 14 avail |
| Mixd Use : | $825,000 - 2,650,000 | 15 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $81,900 - 250,000 | 3 avail |
