1300 Summit Ave Union City, NJ 07087

This exceptional mixed-use property, located at 1300 Summit Ave in Union City, New Jersey, presents a compelling investment opportunity. The three-story building boasts nine units and offers a strong 7.93% capitalization rate, generating a net operating income (NOI) of $158,639. The asking price is $2,000,000. Renovated in 2018, the building is well-maintained and situated in a prime Union City location with significant growth potential. The property's mixed-use zoning allows for a variety of uses, enhancing its versatility and investment appeal. A valuable liquor license is included in the sale price, adding further to the property's income-generating potential. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving New Jersey market. The property is conveniently located in Hudson County, New Jersey, with the zip code 07087. This turnkey investment is ready for a new owner to capitalize on its existing strong performance and future growth prospects. The building's excellent condition and desirable location make it an attractive option for both seasoned investors and those seeking a stable, high-return investment.