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$ 500,000
Est. payment /mo
Active
1406 NEW YORK AVE Union City, NJ 07087
6.5 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250002161
Full Baths 6
Half Baths 1
Annual Tax Amount $9,795
Lot Dimensions 25X100
Property Sub-Type Investment
Property Description
**BEING SOLD AS PACKAGE DEAL WITH 1408 NEW YORK AVE, UNION, CITY, NJ ($1,000,000) - BOTH LOTS ASKING PRICE $1,500,000**This Garage is being used as a Warehouse, which offers 3,000sqft of space and 13ft ceilings. The opportunities in this space are endless! Welcome to a prime investment opportunity in the heart of Union City! This Garage at 1406 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 1408 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.
Location
State NJ
County Hudson
Area Union City
Exterior
Garage Spaces 5.0
Listed by UNITED REAL ESTATE OF NORTH JERSEY