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1713 Bergenline Ave
Union City, NJ 07087
Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking.
  • Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a

EXECUTIVE SUMMARY

FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking. Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a month with office space rented out at $2500 a month. Can either purchase and hold long term or use for personal use and up the rent or can develop and add value. So many different possibilities doable with a prime location that's only growing in value by the day. Do not miss out on an opportunity to own mixed use in one of the hottest areas in NJ with an incredible cap and back end value.
Property taxes $13,758
Insurance $5844 plus waterbill
Total expenses $19,602 plus water

PROPERTY FACTS

Sale Type Investment or Owner User
Cap Rate 7.80%
Property Type Industrial
Property Subtype
Warehouse
  • Showroom
  • FlexLight Distribution
  • Office Office Residential
Building Class C
Lot Size 0.11 AC
Rentable Building Area 6,685 SF
No. Stories 2
Year Built 1950
Parking Ratio 2.99/1,000 SF
Clear Ceiling Height 18’
No. Drive In / Grade-Level Doors 1
Zoning C

AMENITIES

  • Bus Line

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-00091-0000-00006
Land Assessment
$800,000
Improvements Assessment
$481,500
Total Assessment
$1,281,500
  • Listing ID: 28224339

  • Date on Market: 4/13/2023

  • Last Updated:

  • Address: 1713 Bergenline Ave, Union City, NJ 07087

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