Retail Space /NJ /Hudson County /Union City /611 Summit Ave
Retail Space /NJ /Hudson County /Union City /611 Summit Ave

611 Summit Ave - Storefront Retail/Residential FOR SALE


Union City, NJ 07087 | 
$750,000 USD
917-526-2982
611 Summit Ave, Union City, NJ for Sale
$750,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | 6.51% Cap Rate
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611 Summit Ave
Union City, NJ 07087

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HIGHLIGHTS

  • 2 Unit Mixed Use
  • All Utilities Separate Water/Sewer/Electric/Gas
  • Passive Investment Building
  • Close Proximity to Mass Transit
  • Convenient Location Summit & Paterson Plank
  • Updated Residential Unit

OVERVIEW

611 Summit Ave offers an opportunity to acquire a 2 unit mixed use building on bustling Summit Ave & Paterson Plank Rd with a long standing commercial tenant with 5% annual rent increases and an updated residential unit that can be delivered vacant.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C

APN/PARCEL ID

10-00031-0000-00022

ASK ABOUT THIS PROPERTY

Jason TrembickiKeller Williams Park ViewsMore Info
917-526-2982

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Jason TrembickiKeller Williams Park ViewsMore Info
917-526-2982

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