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1015 Summit Ave
Union City, NJ 07087
Retail Property For Sale
EXECUTIVE SUMMARY
Rare investment opportunity and amazing location! Mixed use residential/commercial building separately metered. Perfectly situated on one Union City’s busiest commercial blocks on Summit Avenue. Building complete with three large 3 bed/1 bath apartments and one commercial unit. Store was recently renovated to a barber salon and offers large front display windows. Tenants pay all utilities including water.
Priced to sell! Close to schools, shopping, dining, public transportation and with easy commute to NYC (less than 2 miles to the Lincoln Tunnel).
Priced to sell! Close to schools, shopping, dining, public transportation and with easy commute to NYC (less than 2 miles to the Lincoln Tunnel).
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,725 SF
Building Class
C
Year Built
1950
Price
$725,000
Price Per SF
$153.44
Cap Rate
7.61%
NOI
$55,200
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.81
Lot Size
0.06 AC
Zoning
C
Frontage
28’ on Summit Ave
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 10-00044-0000-00003 | Improvements Assessment | $380,000 |
| Land Assessment | $325,000 | Total Assessment | $705,000 |
PROPERTY TAXES
Parcel Number
10-00044-0000-00003
Land Assessment
$325,000
Improvements Assessment
$380,000
Total Assessment
$705,000
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