VACANT RETAIL/OFFICE USE BUILDING in UNION CITY for SALE or LEASE For Lease: 1st Fl $32 psf plus NNN (Retail) 2nd Fl $25 psf plus NNN (Office) For Sale: Contact Broker CRDS has been exclusively retained to market the sale or lease of 509–511 45th Street, a mixed-use property located in Union City, NJ. The offering consists of a commercial retail and multi-family asset situated on a 0.11-acre parcel (approx. 4,800 SF) within the thriving Hudson Waterfront submarket, part of the broader New York–Jersey City metro area. This property is located in a high-density neighborhood with a population of approximately 95,000 within a one-mile radius, and a projected growth of 3.7% from 2024 to 2029. It offers exceptional connectivity, just steps from Bergenline Avenue and Tonnelle Avenue Light Rail stops, and less than one mile from the Port Imperial Ferry Terminal—a key commuter route to Manhattan. Local demographics support continued investment, with a median household income of ~$64,000 within one mile and rising to ~$96,000 within a 3–5 mile range. Property values in the area are steadily increasing. Value-Add & Upside Potential Commercial Leasing Opportunity The ground-floor retail component is well-suited for a variety of professional or service-oriented uses—such as urgent care, medical offices, or boutique retailers—benefiting from heavy pedestrian traffic and strong street visibility. Multi-Family Rental Upside The existing multi-family units offer upside potential through renovation or repositioning, with market rents expected to exceed $3,300/ month based on local comparable properties. Redevelopment Potential Favorable zoning and land use regulations provide an opportunity to combine the parcels for a higher -density, mixed-use redevelopment, maximizing long-term value.