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3,456 SF Restaurant | Year 1 of 10-Year Lease 4105 Park Ave 3,456 SF Retail Building Union City, NJ 07087 $2,041,755 CAD ($590.79 CAD/SF) 8.06% Cap Rate
Investment Highlights
- 10-year lease, currently in Year 1
- Renovated in 2018
- High visibility and foot traffic potential
- Singular, adaptable unit | Zoned for commercial retail use
- 3,456 SF versatile retail space
- Basement with Freezer Boxes and private office
Executive Summary
Investor Highlight: A long-term tenant is already secured with a newly executed 10-year lease, currently in Year 1, providing immediate, stable income and long-term investment security. This turnkey, income-producing property presents an excellent opportunity for investors seeking a reliable asset in a high-demand market.
Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey’s most active urban corridors.
Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey’s most active urban corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,456 SF
Building Class
C
Year Built
1898
Price
$2,041,755 CAD
Price Per SF
$590.79 CAD
Cap Rate
8.06%
NOI
$164,647 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.32
Lot Size
0.06 AC
Zoning
R-MF - General retail commercial.
Frontage
11’ on Park Ave
Amenities
- Bus Line
- Signage
Walk Score®
Walker's Paradise (97)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-00243-0000-00017 | Improvements Assessment | $652,997 CAD |
| Land Assessment | $441,123 CAD | Total Assessment | $1,094,120 CAD |
Property Taxes
Parcel Number
10-00243-0000-00017
Land Assessment
$441,123 CAD
Improvements Assessment
$652,997 CAD
Total Assessment
$1,094,120 CAD
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3,456 SF Restaurant | Year 1 of 10-Year Lease | 4105 Park Ave
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