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1309 Summit Ave
Union City, NJ 07087
Retail Property For Sale
Executive Summary
Mixed-use investment opportunity. Two-story building with one ground-floor commercial unit (restaurant) with backyard and basement, plus two apartments above (2BR/1BA + 1BR/1BA). Gated side access to the backyard from the front of the building, and a separate entrance to the upstairs apartments to the left of the restaurant. Separate utilities for all units. 3 boilers, 3 hot water heaters, 3 gas meters and 3 electric meters. May be delivered vacant. All month to month. Ideal for investors or business operators. Located in a busy, walkable area with high visibility and consistent foot traffic.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,188 SF
Building Class
C
Year Built/Renovated
2007/2015
Price
$892,349 CAD
Price Per SF
$279.91 CAD
Cap Rate
6.91%
NOI
$61,642 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.06 AC
Zoning
C - Commercial
Frontage
24’ on Summit Ave
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 10-00068-0000-00006 | Improvements Assessment | $428,713 CAD |
| Land Assessment | $428,988 CAD | Total Assessment | $857,700 CAD |
Property Taxes
Parcel Number
10-00068-0000-00006
Land Assessment
$428,988 CAD
Improvements Assessment
$428,713 CAD
Total Assessment
$857,700 CAD
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