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1017 Summit Ave
Union City, NJ 07087
1017 Summit Ave, Union City, NJ 07087 · Retail Property For Sale
Executive Summary
Investment opportunity in vibrant Union City! This mixed-use building features 5 residential units, all fully occupied, and a versatile commercial space spanning over 1,100 sq ft on the ground floor currently rented to a lucrative nail salon. Situated in a high-demand location with easy access to public transit, shopping, dining, and more. A solid investment with both income-generating and value-add possibilities! Don't miss this unique opportunity!
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
5,093 SF
Building Class
C
Year Built
1908
Price
$1,224,459 CAD
Price Per SF
$240.42 CAD
Cap Rate
6.95%
NOI
$85,100 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.95
Lot Size
0.06 AC
Zoning
C
Frontage
26’ on Summit Ave
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 10-00044-0000-00002 | Improvements Assessment | $680,663 CAD |
| Land Assessment | $442,166 CAD | Total Assessment | $1,122,829 CAD |
Property Taxes
Parcel Number
10-00044-0000-00002
Land Assessment
$442,166 CAD
Improvements Assessment
$680,663 CAD
Total Assessment
$1,122,829 CAD
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