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414 38th St 2,475 SF Retail Building Union City, NJ 07087 $750,000 ($303.03/SF) 7.14% Cap Rate
Executive Summary
Building for sale. Tenant has 5 years left on lease they pay $5463 a month and all utilities.2nd level can be added for 2 residential units, without closing commercial tenant. Great investment opportunity with major upside. Contact me at 929-922-0625.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,475 SF
Building Class
C
Year Built
1910
Price
$750,000
Price Per SF
$303.03
Cap Rate
7.14%
NOI
$53,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C
Frontage
24’ on 38th St
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Nuevo Adoro
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Nuevo Adoro | Retailer | - | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00225-0000-00008 | Improvements Assessment | $175,200 |
| Land Assessment | $312,500 | Total Assessment | $487,700 |
Property Taxes
Parcel Number
10-00225-0000-00008
Land Assessment
$312,500
Improvements Assessment
$175,200
Total Assessment
$487,700
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Premier Brokers Real Estate LLC
414 38th St
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