For Sale
$999,000

509-513 Bergenline AveUnion City, NJ 07087

Six-unit building, approved plans, shovel-ready.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Union City investment opportunity presents a fully approved development site at 509-513 Bergenline Ave, 07087, within Hudson County, New Jersey. Priced at $999,000, this 6,624 square foot lot is zoned for multifamily development and offers approved plans for a four-story building. The plans encompass six three-bedroom, three-bathroom units, each with a unit price of $166,500. The development also includes plans for eleven parking spaces, adding significant value and appeal to potential tenants. The property is currently designated as an apartment building and is ready for demolition, making it a truly shovel-ready project. Its convenient location offers easy access to public transportation, being just minutes from the Congress Street Light Rail Station, ensuring high tenant demand and occupancy rates. This is an ideal opportunity for developers seeking a streamlined path to a profitable multifamily project in a thriving New Jersey market. The property's location in Union City provides access to various amenities and services, further enhancing its investment potential. This turnkey project offers a significant return on investment for the discerning developer.

Highlights

  • Fully approved multifamily development site at 509-513 Bergenline Ave, Union City, NJ 07087.
  • $999,000 asking price for a 6,624 sq ft lot.
  • Approved plans for a four-story building with six 3-bedroom/3-bathroom units.
  • Eleven parking spaces included in the approved plans.
  • Shovel-ready site; existing building ready for demolition.
  • Minutes from Congress Street Light Rail Station.

Property Details for 509-513 Bergenline Ave

Property type
Land, Apartment buildings
Units
6

Location Insight

City
Union City
County
Hudson
State
New Jersey
Latitude
40.755812
Longitude
-74.040362
509-513 Bergenline Ave, Union City, New Jersey

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509-513 Bergenline Ave
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