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$ 1,000,000
Est. payment | /mo
6.5 Baths
$ 1,000,000
Est. payment | /mo
6.5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002163
Full Baths 6
Half Baths 1
Annual Tax Amount $15,376
Lot Dimensions 31X100
Property Sub-Type Investment
Property Description
**BEING SOLD AS PACKAGE DEAL WITH 1406 NEW YORK AVE, UNION, CITY, NJ ($500,000) - BOTH LOTS ASKING PRICE $1,500,000**Welcome to a prime investment opportunity in the heart of Union City! This mixed-use building at 1408 New York Ave is perfectly situated in a bustling neighborhood, making it an ideal location for business and residential living. Currently operating as a successful plumbing business, this property features a spacious commercial unit on the ground floor, complemented by two well-appointed apartment units above, providing a steady income stream.**Property Highlights:**- **Zoning:** C-N Neighborhood Commercial, allowing for a variety of business and residential uses.- **Commercial Space:** Generous retail/service area, perfect for continuing the current plumbing business or launching your own venture.- **Residential Units:** Two comfortable apartment units, unit 1 offering two bedrooms/ two bathrooms and unit 2 offering one bedroom/ one bathroom, offering additional rental income or owner-occupant potential.- **Package Sale:** This property must be sold as a package with 1406 New York Ave, creating a comprehensive investment opportunity. **Appraisal Value:** Both Lots Recently appraised at $1,720,000, offering significant value at the listing price of $1,500,000. Agent Remarks: **Appraisal Value:** Recently appraised at $1,720,000, offering significant value at the listing price of $1,500,000 for both lots.
Location
State NJ
County Hudson
Area Union City
Listed by UNITED REAL ESTATE OF NORTH JERSEY
"Elevating Real Estate Dreams with Heart and Expertise."
111 Howard Blvd. Suite 202, Arlington, Jersey, 07856, United States