Commercial space For Sale in Union City, NJ
MLS# : 250006641
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime Investment Opportunity! This well-maintained 3-Story Mixed-Use property is perfectly positioned on bustling Bergenline Avenue in the heart of Union City. Fully occupied and income-generating, the building features a ground-floor commercial space currently operating as a supermarket and three fully occupied residential units above. Each apartment boasts generous layouts with high ceilings, offering comfortable urban living. Located just steps from direct bus service to Port Authority and only minutes from major routes including the NJ Turnpike and the Holland Tunnel. This is a strategic location for both tenants and investors alike.
Amenities
This listing is a courtesy of EXP REALTY LLC
866-201-6210 office, listing agent ALBERT NGAI
About Union City, NJ Real Estate Market
The Union City is situated atop the ridge of the lower Hudson Palisades. Due to a high elevation, the city offers clear views of surrounding municipalities like New Jersey Meadowlands and New York City Skyline. It shares its borders with other parts of Hudson County, such as Jersey City, Hoboken, Weehawken, North Bergen and West New York.
The formation of Union City as a city happened in 1925 by an act of the New Jersey Legislature. Union City was established by merging Union Hill and West Hoboken Township. The city’s name got derived from the names of these two municipalities. In its early stages, Union City was inhabited by German and Spanish speaking people.
Union City is divided into two parts by New Jersey Route 495, which resulted in the renaming of many street names in the city. Most of the homes for sale in this part of Hudson County are located on streets like 32nd Street, Hackensack Plank Road and Bergen Turnpike, which form Union City’s urban grid.
| Population: | 65,551 |
| Total Housing Units: | 22,411 |
| Single Family Homes: | 5,756 |
| Apartments: | 16,655 |
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
| Compare To Other Towns |
Union City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $479,456 |
| Homes Sold* (12mo): | 9 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $441,021 |
| Apatments Sold* (12mo): | 143 |
APARTMENT SALES
Union City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 7.438% |
| Effective Tax Rate (2023): | 2.161% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $489,000 - 1,250,000 | 5 |
| Condos : | $148,888 - 1,275,000 | 60 |
| Co-ops : | $249,000 - 649,000 | 23 |
| Twnhs : | $489,000 - 1,499,000 | 5 |
| 2-4 Fam : | $599,000 - 1,499,000 | 17 |
| 5+ Fam : | $1,125,000 - 1,299,000 | 2 |
| Land : | $333,000 - 999,000 | 3 |
| Rentals : | $1,700 - 3,850 | 13 |
| Mixd Use : | $1,125,000 - 2,650,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $74,900 - 250,000 | 4 |
