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1616 Summit Ave Union City, NJ 07087-1948
$525,000
  • Commercial
  • Store
  • ML# 240016919

Property Details

Overview

Two Commercial Condos for sale located on a busy and high traffic shopping area with bus & shuttle service along the avenue. Very close to Lincoln Tunnel, Hoboken and all major highways including Route 3 and NJ Turnpike. Unit A is leased for $2100 to an E-bicycle store which will be opening soon. Unit B is leased for $1800 to a Thrift store. Both have annual 5% increase and about 2 years left on current lease. Monthly HOA is $650. Heat, Water and Snow Removal is included in HOA. Excellent investment opportunity!

Key Facts

  • Taxes: $3,513
  • Type Sale: For Sale
  • Business Type: Retail
  • Block: 00084
  • Lot: 00020

Financial

  • Taxes: $3,513
  1. Presented by

    Liberty Realty
    • Liberty Realty
    • Broker Associate
    • 201-222-2900
    • 201-610-1010

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Listing Information provided courtesy of KELLER WILLIAMS CITY VIEWS. Call at 201-592-8900