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2207 Summit Ave 0.06 - 0.1 Acre Commercial Land Lots Offered at $6,979,600 - $6,979,600 CAD Per Lot in Union City, NJ 07087

INVESTMENT HIGHLIGHTS
- Superior Location
- Approved Plans
- Multiple Lots
EXECUTIVE SUMMARY
Prime Development Opportunity in Union City, NJ! Presenting a rare and exceptional development opportunity in the heart of one of the best locations on the planet. This commercial industrial property comes with fully approved plans for an 18-story building, set to house 208 residential units, plus retail spaces. This prime location offers easy access to New York City, making it an attractive option for both developers and future residents. The property is fully approved for this multi-story residential building, eliminating the need for lengthy zoning approvals and accelerating your development timeline. Strategic Location: Situated in a vibrant and bustling location, just minutes from the Lincoln Tunnel and major highways, this property is ideal for commuters looking for quick access to Manhattan and other parts of New Jersey. High Demand Area: Union City is a growing community with high demand for residential units, making this development a lucrative investment with strong potential returns. Ample Amenities: The approved development plan includes space for modern amenities, potentially featuring a pool, rooftop lounge, and other desirable features to attract high-quality tenants. Proximity to Public Transport: With nearby access to public transportation, including bus lines and light rail, the location offers convenience for future residents. Lincoln Tunnel and all major arteries nearby! This is a unique opportunity to capitalize on Union City’s expanding real estate market. Whether you’re an experienced developer or an investor looking to enter the development sector, this property provides the foundation for a successful and profitable project. Contact Information: For more details or to schedule a site visit, please contact the Listing Agent. Don’t miss out on this exceptional opportunity to bring a high-rise residential project to life in one of New Jersey’s most desirable urban communities.
PROPERTY FACTS
3 LOTS AVAILABLE
Lot 12-20, 33
| Price | $6,979,600 CAD | Lot Size | 0.06 AC |
| Price Per AC | $116,326,669.85 CAD |
| Price | $6,979,600 CAD |
| Price Per AC | $116,326,669.85 CAD |
| Lot Size | 0.06 AC |
Includes Lots 12 - 20, plus 33 Lot 1-0.06 Lot 2-0.07 Lot 3-0.10
Lot
| Price | $6,979,600 CAD | Lot Size | 0.07 AC |
| Price Per AC | $99,708,574.16 CAD |
| Price | $6,979,600 CAD |
| Price Per AC | $99,708,574.16 CAD |
| Lot Size | 0.07 AC |
Lot
| Price | $6,979,600 CAD | Lot Size | 0.10 AC |
| Price Per AC | $69,796,001.91 CAD |
| Price | $6,979,600 CAD |
| Price Per AC | $69,796,001.91 CAD |
| Lot Size | 0.10 AC |
DESCRIPTION
Former industrial/commercial space with various uses. Existing warehouse, office buildings, and parking lot.
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (79)
PROPERTY TAXES
| Parcel Number | 10-00120-0000-00014 | Improvements Assessment | $563,644 CAD |
| Land Assessment | $5,014,740 CAD | Total Assessment | $5,578,384 CAD |
PROPERTY TAXES
Parcel Number
10-00120-0000-00014
Land Assessment
$5,014,740 CAD
Improvements Assessment
$563,644 CAD
Total Assessment
$5,578,384 CAD
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2207 Summit Ave
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