3136 Summit Ave - Storefront Retail/Residential FOR SALE


Union City, NJ 07087
$1,988,000 USD
732-795-9500
3136 Summit Ave, Union City, NJ for Sale
$1,988,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | 10% Cap Rate

3136 Summit Ave
Union City, NJ 07087


HIGHLIGHTS

  • 3136 Summit Avenue is a fully renovated mixed-use building with residential units, office space, and a large garage, ideal for various business uses.
  • Recent upgrades include new plumbing, electrical, forced air HVAC, siding, and bathrooms, offering a turnkey opportunity for investors or owner/users.
  • Zoned for mixed use with potential for up to four additional floors, providing strong upside for future development and expansion.
  • Prime Union City location near Kennedy Blvd, I-495, and the Lincoln Tunnel, with nearly 2 million residents and $27B in consumer spending nearby.

OVERVIEW

3136 Summit Avenue presents a fully renovated mixed-use opportunity in the heart of Union City, offering exceptional flexibility for investors, owner/users, or developers. This turnkey asset features two updated residential units, a large garage, and dedicated office space, ideal for a variety of business or service-oriented uses. 3136 Summit Avenue has undergone a complete renovation down to the studs, including new plumbing, electrical, HVAC, siding, and bathrooms, ensuring modern efficiency and reliability. With additional off-street parking and mixed-use zoning, the property is well-suited for a wide range of potential uses such as a car rental agency, dialysis or rehabilitation center, veterinary clinic, or animal hotel. Subject to approvals, 3136 Summit Avenue also offers the potential to add up to four floors, creating significant future development upside in a high-demand market. Situated just minutes from Downtown Union City, 3136 Summit Avenue benefits from outstanding accessibility. The asset is conveniently located near major transportation nodes, including Kennedy Boulevard, Interstate 495, and the Lincoln Tunnel, offering quick connections to Manhattan and surrounding communities. The area’s dense population of nearly 2 million residents within a 5-mile radius contributes to a strong consumer spending of approximately $27 billion annually. This high-traffic location enhances business viability and positions the asset for steady demand across both residential and commercial segments. Union City continues to evolve as one of Hudson County’s most vibrant and fast-growing urban centers, blending accessibility, diversity, and opportunity. The area’s proximity to Manhattan, coupled with ongoing revitalization, has driven sustained demand for flexible mixed-use spaces. 3136 Summit Avenue offers a compelling chance to own or lease in a thriving market.

FOR SALE DETAILS

PRICE

$1,988,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,466 SF

ZONING

C

APN/PARCEL ID

10-00174-0000-00021

ASK ABOUT THIS PROPERTY

Manuel DominguezRE/MAX Synergy Real EstateMore Info
732-795-9500

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Manuel DominguezRE/MAX Synergy Real EstateMore Info
732-795-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.