Union City, NJ 07087-1948,1616 SUMMIT AVE
Union City, NJ 07087-1948,1616 SUMMIT AVE
Union City, NJ 07087-1948,1616 SUMMIT AVE
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$525,000
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240016919

Annual Tax Amount $3,513

Property Sub-Type Retail

Property Description

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!

Location

State NJ

County Hudson

Area Union City


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Listed by KELLER WILLIAMS CITY VIEWS

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agent

G.K. Cheung

+1(908) 291-1300

Broker of Record | License ID: 1120283

Broker of Record License ID: 1120283

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1616 SUMMIT AVE