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1020 Summit Ave
Union City, NJ 07087
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime corner location with strong visibility and signage
- High traffic counts on Summit Avenue and Kennedy Boulevard
- Flexible C-N zoning suitable for diverse commercial uses
- Scheduled vacancy in January 2026 for immediate repositioning
- Dense residential population and affluent demographics nearby
EXECUTIVE SUMMARY
Prime corner property at Summit Avenue and 11th Street, currently occupied by Valley Bank. This two story building with mezzanine offers excellent visibility and signage in a thriving commercial district. Ideal opportunity for an owner-user or local investor
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,864 SF
Building Class
C
Year Built
1938
Tenancy
Single
Building Height
2 Stories
Building FAR
1.77
Lot Size
0.05 AC
Zoning
C
Frontage
22’ on Summit Ave
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 10-00045-0000-00023 | Improvements Assessment | $1,864,500 |
| Land Assessment | $312,000 | Total Assessment | $2,176,500 |
PROPERTY TAXES
Parcel Number
10-00045-0000-00023
Land Assessment
$312,000
Improvements Assessment
$1,864,500
Total Assessment
$2,176,500
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