Log In/Sign Up
Your email has been sent.
1309 Summit Ave
Union City, NJ 07087
Retail Property For Sale
EXECUTIVE SUMMARY
Mixed-use investment opportunity. Two-story building with one ground-floor commercial unit (restaurant) with backyard and basement, plus two apartments above (2BR/1BA + 1BR/1BA). Gated side access to the backyard from the front of the building, and a separate entrance to the upstairs apartments to the left of the restaurant. Separate utilities for all units. 3 boilers, 3 hot water heaters, 3 gas meters and 3 electric meters. May be delivered vacant. All month to month. Ideal for investors or business operators. Located in a busy, walkable area with high visibility and consistent foot traffic.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,188 SF
Building Class
C
Year Built/Renovated
2007/2015
Price
$699,000
Price Per SF
$219.26
Cap Rate
6.41%
NOI
$44,832
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.06 AC
Zoning
C - Commercial
Frontage
24’ on Summit Ave
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 10-00068-0000-00006 | Improvements Assessment | $311,800 |
| Land Assessment | $312,000 | Total Assessment | $623,800 |
PROPERTY TAXES
Parcel Number
10-00068-0000-00006
Land Assessment
$312,000
Improvements Assessment
$311,800
Total Assessment
$623,800
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
