Commercial space For Sale in Union City, NJ
MLS# : 260001249
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime Mixed-Use Investment Opportunity – Union City, NJ Located at 1414–1412 Summit Avenue, this well-positioned mixed-use commercial property offers a strong combination of visibility, income potential, and long-term upside in the heart of Union City. Situated on one of the area’s main corridors, the property benefits from heavy foot and vehicle traffic, making it ideal for owner-users or investors alike. The building features street-level commercial space with excellent storefront exposure, perfect for retail, office, or service-based businesses, complemented by residential units above that provide steady rental income. The layout supports multiple income streams, helping to mitigate vacancy risk and enhance overall returns. Conveniently located near public transportation, major highways, shopping, dining, and neighborhood amenities, this property offers easy access to NYC and surrounding Hudson County markets. Union City’s continued demand for mixed-use assets makes this an attractive opportunity for investors seeking cash flow, appreciation, or future redevelopment potential.
Amenities
This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-585-8080 office, listing agent JORGE AVILES
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): | $715,272 |
| Homes Sold* (12mo): | 12 |
SINGLE FAMILY HOME SALES
Union City, NJ
PRICE INDEX
| Average Price* (12mo): | $426,969 |
| Apatments Sold* (12mo): | 130 |
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)
