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507 32nd St 5,760 SF 100% Leased Retail Building Union City, NJ 07087 $1,600,000 ($277.78/SF)
Executive Summary
507 32nd Street presents a rare mixed-use opportunity in the heart of Union City’s thriving Bergenline corridor. The property features approximately 2,400 sq ft of retail space with 11-foot ceilings, offering excellent visibility and flexibility for a wide range of businesses. Above the retail level are two additional stories of open space ready for build-out, with the potential to create up to four residential units, making it an ideal value-add investment. Situated on a 25 x 98 lot with 100% lot coverage, this three-story building benefits from exceptional foot traffic and prime exposure in one of Union City’s most active commercial districts. Whether for an investor seeking strong mixed-use potential or an owner-user looking to establish or expand their business, this property offers scale, location, and upside in a highly desirable setting.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,760 SF
Building Class
C
Year Built
1908
Price
$1,600,000
Price Per SF
$277.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.06 AC
Zoning
C-C - Commercial
Frontage
25’ on 32Nd St
Amenities
- Bus Line
- Signage
- Storage Space
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00170-0000-00027 | Improvements Assessment | $1,318,800 |
| Land Assessment | $300,000 | Total Assessment | $1,618,800 |
Property Taxes
Parcel Number
10-00170-0000-00027
Land Assessment
$300,000
Improvements Assessment
$1,318,800
Total Assessment
$1,618,800
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507 32nd St