Land For Sale in Union City, NJ
MLS# : 260004393
PROPERTY DETAILS
PROPERTY DESCRIPTION
Mixed-Use Investment Opportunity Unique mixed-use property offering endless potential for investors, developers, or owner-users. The ground floor features a former doctor’s office, making it well suited for professional, medical, or retail use. Above the commercial space are two residential units: one studio apartment and one one-bedroom apartment, providing additional rental income potential. The property presents multiple possibilities. Buyers can choose to renovate and modernize the existing structure to create a profitable mixed-use building or redevelop the lot entirely and build new to maximize its value. With residential units already in place and flexible commercial space below, this property offers a strong foundation for a variety of investment strategies. Ideal for those looking to restore, reposition, or redevelop a property with mixed-use potential. Please check with building department on what can be built. Buyer responsible for obtaining any CO.
Current Zoning & Permited Use
This listing is a courtesy of HOWARD HANNA RAND REALTY
201-653-3933 office, listing agent CONSTANTINE MARAKAS
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): | $759,435 |
| Homes Sold* (12mo): | 13 |
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)
| Homes : | $479,000 - 650,000 | 4 |
| Condos : | $192,600 - 1,275,000 | 59 |
| Co-ops : | $219,000 - 585,000 | 21 |
| Twnhs : | $374,999 - 374,999 | 1 |
| 2-4 Fam : | $649,000 - 1,200,000 | 19 |
| 5+ Fam : | $875,000 - 1,900,000 | 4 |
| Land : | $450,000 - 450,000 | 1 |
| Rentals : | $1,325 - 3,995 | 9 |
| Mixd Use : | $649,000 - 2,650,000 | 11 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 500,000 | 9 |
