Real Estate For Sale in...
 

1004 SUMMIT AVE, Union City, NJ 07087

$1,600,000
Commercial Property MLS# 170017754 ID: 48222836
$1,600,000 Get Rates

Investment - Union City, NJ
RARE INVESTMENT OPPORTUNITY! NEVER BEFORE OFFERED LIKE THIS! THIS AMAZING MIXED USE INVESTMENT PROPERTY IS LOCATED IN ONE OF NJ’S PREMIER INVESTMENT CITIES AND HIGHLY SORT AFTER BUSINESS DISTRICT. THIS OPPORTUNITY INCLUDES 3 BUILDINGS, 5 RESIDENTIAL APARTMENTS, 5 COMMERCIAL STORES WITH OVER 75 FT OF RETAIL FRONTAGE ON SUMMIT AVE. ALL UNDER ONE DEED AND TAX LOT. $170,000 OF GROSS INCOME, AND AN IMPRESSIVE UNHEARD OF 7.5% CAP RATE. ONLY 1 MILE AWAY FROM HOBOKEN, 3 MILES AWAY FROM MIDTOWN NYC, DOORSTEP TRANSPORTATION (NJ TRANSIT) HALF MILE FROM LIGHT RAIL, MUNICIPAL PARKING, URBAN ENTERPRISE ZONE (UEZ) ALLOWING MERCHANTS TO CHARGE A REDUCED SALES TAX AND RECEIVE A VARIETY OF TAX BENEFITS. AN AMAZING OPPORTUNITY TO BUY A PROPERTY WITH TREMENDOUS UPSIDE WITH PHONEMAIL PASSIVE INCOME.

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Location Information near 1004 SUMMIT AVE
Offered by JOSE ORTEGA at GARABEDIAN REALTY GROUP, LLC

Would you like more information regarding this property?
Please call (201) 435-8001.

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Property Features for 1004 SUMMIT AVE
Status
Market Status
Available
Last Updated
November 17, 2017
Description
Property Type
Commercial Property
Stories
3.0

Building Features

  • Stories: 3.0

Legal/Financial

  • Taxes: 27905

Listing Features

  • Property Type: Commercial; Investment
  • JOSE ORTEGA
  • GARABEDIAN REALTY GROUP, LLC

Data Provided by:
Hudson County Multiple Listing Service

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More information about this $1,600,000 Commercial Property at 1004 SUMMIT AVE

This $1,600,000 Commercial Property at 1004 SUMMIT AVE in Union City, NJ is presented by JOSE ORTEGA. This $1,600,000 Commercial Property, located in the 07087 zip code, has the following property features: Stories, Property Type, Taxes. This 1004 SUMMIT AVE Commercial Property, located in Hudson County , is listed under MLS listing number 170017754 and has a listing price of $1,600,000. You can find more UNION CITY homes for sale here.