3136 Summit Ave 7,100 SF Retail Building Union City, NJ 07087 $2,773,658 CAD ($390.66 CAD/SF) 10% Cap Rate

3136 Summit Avenue presents a fully renovated mixed-use opportunity in the heart of Union City, offering exceptional flexibility for investors, owner/users, or developers. This turnkey asset features two updated residential units, a large garage, and dedicated office space, ideal for a variety of business or service-oriented uses.

3136 Summit Avenue has undergone a complete renovation down to the studs, including new plumbing, electrical, HVAC, siding, and bathrooms, ensuring modern efficiency and reliability. With additional off-street parking and mixed-use zoning, the property is well-suited for a wide range of potential uses such as a car rental agency, dialysis or rehabilitation center, veterinary clinic, or animal hotel. Subject to approvals, 3136 Summit Avenue also offers the potential to add up to four floors, creating significant future development upside in a high-demand market.

Situated just minutes from Downtown Union City, 3136 Summit Avenue benefits from outstanding accessibility. The asset is conveniently located near major transportation nodes, including Kennedy Boulevard, Interstate 495, and the Lincoln Tunnel, offering quick connections to Manhattan and surrounding communities. The area’s dense population of nearly 2 million residents within a 5-mile radius contributes to a strong consumer spending of approximately $27 billion annually. This high-traffic location enhances business viability and positions the asset for steady demand across both residential and commercial segments.

Union City continues to evolve as one of Hudson County’s most vibrant and fast-growing urban centers, blending accessibility, diversity, and opportunity. The area’s proximity to Manhattan, coupled with ongoing revitalization, has driven sustained demand for flexible mixed-use spaces. 3136 Summit Avenue offers a compelling chance to own or lease in a thriving market.