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32724185
32724186

4105 Park Ave, Union City, NJ 07087 For Sale

BE
NJ NJ 0893523
KW Commercial
KW Commercial Rutherford
Listed by KW Commercial, KW Commercial Rutherford
$1,500,000
64 days on market
Updated 12 days ago

3,456 SF Restaurant | Investment Sale Strong Tenant In Place

Details
APN 0910_243_17
Property Type Retail
Sub Type Restaurant, Street Retail
Square Footage 3,456
Units 1
Cap Rate 5.60%
NOI $84,000
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $434
Year Built 1898
Year Renovated 2018
Stories 2
Lot Size (SqFt) 2,391
Zoning Commercial Retail
Investment Type Stabilized
Ceiling Height 12 ft

Retail | 5.60% CAP | 3,456 SqFt

Marketing description

CALL 201-917-5884 To Schedule a Property Tour!

Introducing an exceptional retail investment opportunity in the heart of Union City New Jersey. This exceptional property, built in 1898 and renovated in 2018, offers a prime 3,456 SF retail space ideal for forward-thinking investors. Boasting commercial retail zoning and featuring a singular, versatile unit, this property presents an attractive canvas for retail and street retail endeavors. The location offers the potential for high visibility and foot traffic in this thriving market. A unique blend of historical charm and modern functionality, this property is poised to elevate any retail venture's success in this dynamic and sought-after Northern New Jersey location.

Investor Highlight: A long-term tenant is already secured with a newly executed 10-year lease, currently in Year 1, providing immediate, stable income and long-term investment security. This turnkey, income-producing property presents an excellent opportunity for investors seeking a reliable asset in a high-demand market.

Introducing a prime retail investment opportunity in the heart of Union City, New Jersey. Originally built in 1898 and thoughtfully renovated in 2018, this 3,456 SF commercial property blends historic character with modern functionality. Featuring a single versatile retail unit with commercial zoning, the asset offers flexibility for a variety of street-level retail uses while benefiting from strong visibility and consistent foot traffic in one of Northern New Jersey's most active urban corridors.

Investment highlights

  • 3,456 SF versatile retail space
  • 10-year lease, currently in Year 1 (Blended Cap Rate of 7.04%)
  • Ideal for retail and street retail tenants
  • High visibility and foot traffic potential
  • Restaurant and/or Nightclub Lounge
  • Basement with Freezer Boxes and private office
  • Versatile retail space with commercial retail zoning

Listing Contacts

BE
NJ NJ 0893523
KW Commercial
KW Commercial Rutherford
Listed by KW Commercial, KW Commercial Rutherford

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
5.6%
Cap Rate
5.6%
ROI

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Additional Information

Name
Bruce Elia
License
NJ 0893523
Brokerage
Keller Williams City Views
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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