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INVESTMENT HIGHLIGHTS
- Prime redevelopment site
- Traffic count (AADT): 13,416
- Seller is owner-occupant; flexible possession timeline (60–90 days)
- Located in a dense residential area with excellent accessibility
- Real Estate Taxes: $26,385.50
EXECUTIVE SUMMARY
NAI James E. Hanson is pleased to exclusively offer for sale 294 Union Street, Hackensack, NJ – a prime redevelopment opportunity situated on a .19-acre corner lot in the heart of Bergen County. The property currently consists of a ±4,376 SF office building with 16 on-site parking spaces, but it is ideally suited for redevelopment pursuant to R-4 zoning, which permits townhouses, multifamily residences, and stacked flats. This high-visibility corner site offers strong traffic exposure and is ideal for developers or investors looking to capitalize on Hackensack’s continued residential growth.
The property is owner-occupied; all showings must be scheduled through the listing agent. Possession available in 60–90 days.
The property is owner-occupied; all showings must be scheduled through the listing agent. Possession available in 60–90 days.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
4,376 SF
Building Class
C
Year Built
1986
Price
$1,489,276 CAD
Price Per SF
$340.33 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,500 SF
Building FAR
0.46
Lot Size
0.22 AC
Zoning
R-4 - Allows for multifamily residential, townhouses, stacked flats
Parking
16 Spaces (3.66 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Central Heating
- Natural Light
- Partitioned Offices
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 23-00318-0000-00001 | Improvements Assessment | $827,678 CAD |
| Land Assessment | $356,639 CAD | Total Assessment | $1,184,317 CAD |
PROPERTY TAXES
Parcel Number
23-00318-0000-00001
Land Assessment
$356,639 CAD
Improvements Assessment
$827,678 CAD
Total Assessment
$1,184,317 CAD
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294 Union St
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