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201 16th St 4,400 SF 100% Leased Retail Building Union City, NJ 07087 $1,250,000 ($284.09/SF)
INVESTMENT HIGHLIGHTS
- Rare Retail Gem
- High End Gregory Ave Neighborhood
EXECUTIVE SUMMARY
201 16th Street, Union City NJ is one of the only retail, mixed use buildings in the densely populated high end Gregory Avenue neighborhood of Union City. The retail here is extremely valuable as there are very few retail spaces servicing the area.
This building contains 1 retail space and 3 apartments. Tenants pay for all of their own utilities except water and sewer. Each apartment has 2 bedrooms and 1 bath. Landlord recently replaced all residential windows and the roof was replaced about six years ago.
This is a fantastic opportunity for a retail owner user or as an investment with under market retail rents and second generation restaurant space.
This building contains 1 retail space and 3 apartments. Tenants pay for all of their own utilities except water and sewer. Each apartment has 2 bedrooms and 1 bath. Landlord recently replaced all residential windows and the roof was replaced about six years ago.
This is a fantastic opportunity for a retail owner user or as an investment with under market retail rents and second generation restaurant space.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built
1913
Price
$1,250,000
Price Per SF
$284.09
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.53
Lot Size
0.04 AC
Zoning
R
Frontage
26’ on 16th St
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00181-0000-00027 | Improvements Assessment | $678,100 |
| Land Assessment | $275,000 | Total Assessment | $953,100 |
PROPERTY TAXES
Parcel Number
10-00181-0000-00027
Land Assessment
$275,000
Improvements Assessment
$678,100
Total Assessment
$953,100
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201 16th St
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