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2207 Summit Ave 0.06 - 0.1 Acre Commercial Land Lots Offered at $5,000,000 - $5,000,000 Per Lot in Union City, NJ 07087
INVESTMENT HIGHLIGHTS
- Superior Location
- Approved Plans
- Multiple Lots
EXECUTIVE SUMMARY
Prime Development Opportunity in Union City, NJ! Presenting a rare and exceptional development opportunity in the heart of one of the best locations on the planet. This commercial industrial property comes with fully approved plans for an 18-story building, set to house 208 residential units, plus retail spaces. This prime location offers easy access to New York City, making it an attractive option for both developers and future residents. The property is fully approved for this multi-story residential building, eliminating the need for lengthy zoning approvals and accelerating your development timeline. Strategic Location: Situated in a vibrant and bustling location, just minutes from the Lincoln Tunnel and major highways, this property is ideal for commuters looking for quick access to Manhattan and other parts of New Jersey. High Demand Area: Union City is a growing community with high demand for residential units, making this development a lucrative investment with strong potential returns. Ample Amenities: The approved development plan includes space for modern amenities, potentially featuring a pool, rooftop lounge, and other desirable features to attract high-quality tenants. Proximity to Public Transport: With nearby access to public transportation, including bus lines and light rail, the location offers convenience for future residents. Lincoln Tunnel and all major arteries nearby! This is a unique opportunity to capitalize on Union City’s expanding real estate market. Whether you’re an experienced developer or an investor looking to enter the development sector, this property provides the foundation for a successful and profitable project. Contact Information: For more details or to schedule a site visit, please contact the Listing Agent. Don’t miss out on this exceptional opportunity to bring a high-rise residential project to life in one of New Jersey’s most desirable urban communities.
PROPERTY FACTS
3 LOTS AVAILABLE
Lot 12-20, 33
| Price | $5,000,000 | Lot Size | 0.06 AC |
| Price Per AC | $83,333,333.33 |
| Price | $5,000,000 |
| Price Per AC | $83,333,333.33 |
| Lot Size | 0.06 AC |
Includes Lots 12 - 20, plus 33 Lot 1-0.06 Lot 2-0.07 Lot 3-0.10
Lot
| Price | $5,000,000 | Lot Size | 0.07 AC |
| Price Per AC | $71,428,571.43 |
| Price | $5,000,000 |
| Price Per AC | $71,428,571.43 |
| Lot Size | 0.07 AC |
Lot
| Price | $5,000,000 | Lot Size | 0.10 AC |
| Price Per AC | $50,000,000.00 |
| Price | $5,000,000 |
| Price Per AC | $50,000,000.00 |
| Lot Size | 0.10 AC |
DESCRIPTION
Former industrial/commercial space with various uses. Existing warehouse, office buildings, and parking lot.
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 10-00120-0000-00014 | Improvements Assessment | $400,000 |
| Land Assessment | $3,558,800 | Total Assessment | $3,958,800 |
PROPERTY TAXES
Parcel Number
10-00120-0000-00014
Land Assessment
$3,558,800
Improvements Assessment
$400,000
Total Assessment
$3,958,800
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2207 Summit Ave
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