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$ 999,000
Est. payment /mo
Active
509-513 BERGENLINE AVE Union City, NJ 07087
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250007387
Annual Tax Amount $12,662
Tax Year 2024
Lot Dimensions 25X100&50X75
Property Sub-Type Vacant Land
Property Description
Presenting a remarkable real estate development opportunity in Union City, NJ, conveniently located next to the vibrant Jersey City Heights. This spacious, uniquely-shaped lot measures 75x100 feet on one side and 77.5 feet on the other, and it comes with approved plans for two buildings, each featuring three units and an elevator for each building. Additionally, the property has the potential to be subdivided into three distinct lots e.g. (three potential two-family buildable lots, each priced at $333,000, all three lots must be purchased as bundle), significantly expanding development possibilities. Located in a bustling area, adjacent to Jersey City Heights and Union City's largest retail district, this site offers easy access to public transportation and major highways. It's just a 30-minute commute to the lively streets of New York City. This unique investment opportunity is ideal for discerning developers eager to tap into a rapidly growing market, fueled by an influx of commuting residents. Here lies an excellent chance to secure a substantial return on investment. Whether you are a seasoned developer or just starting out, this site provides a blank canvas for your creative architectural visions. Envision creating a vibrant community hub that caters to the diverse needs of both residents and businesses. The possibilities for customization and expansion are extensive, especially with the option to develop additional lots. The area's dynamic growth and prime location make it perfect for residential units, retail spaces, or a mixed-use complex. Union City's friendly community spirit and flourishing Jersey City Height's economy guarantee that any development will attract enthusiasm and interest. As the demand for convenient urban living continues to grow, investing in this property places you at the forefront of an exciting transformation. Don't miss out on this promising opportunity to become an integral part of a community on the verge of remarkable change!
Location
State NJ
County Hudson
Area Union City
Zoning Residential
Listed by CHRISTIE'S INTERNATIONAL REAL ESTATE GROUP