5+ Mixed Use For Sale in Union City, NJ
MLS# : 26008329
PROPERTY DETAILS
PROPERTY DESCRIPTION
Position yourself in one of Hudson County’s most active and supply-constrained corridors with this prime mixed-use commercial building for sale at 1505 Summit Ave, Union City, NJ. Opportunities like this rarely hit the open marketâ€â€especially along Summit Avenue, the backbone of Union City’s retail and pedestrian activity. This high-visibility, income-producing asset offers the ideal blend of stable cash flow + value-add upside, making it a perfect fit for savvy investors, 1031 exchange buyers, and strategic owner-users looking to secure a foothold just minutes from New York City. Irreplaceable Location: Positioned on a major retail corridor with heavy foot traffic, strong demographics, and continuous local commerce Mixed-Use Income Stream: Retail storefront plus residential/office componentsâ€â€multiple revenue channels and tenant flexibility Value-Add Potential: Opportunity to increase rents, reposition, or optimize tenancy in a high-demand market NYC Proximity Premium: Direct access to Manhattan via nearby transportationâ€â€consistent tenant demand and appreciation upside Investor-Friendly Market: Union City continues to outperform with strong rental demand, low vacancy trends, and ongoing redevelopment Whether you’re looking to park capital in a high-demand rental market, execute a value-add strategy, or secure a long-term hold in a prime location, this asset checks every box. Call for details, rent roll, and financials. Showings are limited.
Amenities
This listing is a courtesy of Prominent Properties Sotheby's International Realty-Englewood Cliffs
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 (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
| 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 (2025): | 1.848% |
| Effective Tax Rate (2025): | 1.859% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $479,000 - 949,000 | 6 |
| Condos : | $192,600 - 1,499,000 | 63 |
| Co-ops : | $265,000 - 649,000 | 22 |
| Twnhs : | - | |
| 2-4 Fam : | $649,000 - 1,450,000 | 16 |
| 5+ Fam : | $780,000 - 1,900,000 | 5 |
| Land : | $299,000 - 299,000 | 1 |
| Rentals : | $2,200 - 3,895 | 8 |
| Mixd Use : | $649,000 - 2,650,000 | 11 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 500,000 | 8 |
