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414 38th St 2,475 SF Retail Building Union City, NJ 07087 $750,000 ($303.03/SF) 6.88% Cap Rate
EXECUTIVE SUMMARY
Building for sale. Tenant has 5 years left on lease they pay $5300 a month and all utilities. Great investment opportunity with major upside. Contact me at 929-922-0625.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,475 SF
Building Class
C
Year Built
1980
Price
$750,000
Price Per SF
$303.03
Cap Rate
6.88%
NOI
$51,600
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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