Commercial space For Sale in Union City, NJ
MLS# : 250023903
PROPERTY DETAILS
PROPERTY DESCRIPTION
Fantastic opportunity to obtain an income producing building. There are two 2 bedrooms apartment. One is rented at $2,100. The other one is fully renovated with an estimated fair market value of $2,500. Left commercial store is a fully renovated barber shop being used by the owners with an estiomated fair market value rent of $4,000. Right commercial store is also a fully renovated nail boutique. Also currently used by the owners with an estimated fair market value rent of $3,500. Semi finished basement perfect for storage or to expand the business. Property has all separate utilities. 4 heating boilers, 4 water heaters, 5 electric meters, 4 gas meters. Everything is set up for you to start a profitable business. Resderve your private showing at your earliest convenience.
Amenities
This listing is a courtesy of PRO REALTY LLC
973-826-9733 office, listing agent CLAUDIA MOLINA
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): | $598,402 |
| Homes Sold* (12mo): | 10 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $435,653 |
| Apatments Sold* (12mo): | 132 |
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 : | $479,000 - 1,400,000 | 6 |
| Condos : | $190,000 - 1,400,000 | 61 |
| Co-ops : | $265,000 - 585,000 | 20 |
| Twnhs : | - | |
| 2-4 Fam : | $599,000 - 1,200,000 | 21 |
| 5+ Fam : | $895,888 - 1,900,000 | 5 |
| Land : | $3,990,000 - 3,990,000 | 1 |
| Rentals : | $1,800 - 3,900 | 14 |
| Mixd Use : | $649,000 - 2,650,000 | 10 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $45,000 - 500,000 | 6 |
