4003 Bergenline AveUnion City, NJ 07087

  • Other commercial real estate
  • 0.05 AC
For Sale
$1,600,000 View listing

Property Details for 4003 Bergenline Ave

Year built
1930
Construction
FRAME
Lot size
0.05 AC
Property type
Other commercial real estate
APN
10 00234-0000-00029
APU
1000234000000029

Description

This exceptional Union City, New Jersey commercial property, located at 4003 Bergenline Avenue, presents a lucrative investment opportunity. The property boasts a total of 5,000 square feet situated on a 2,275 square foot lot. The building features a ground floor retail space ideal for a variety of businesses, capitalizing on its high-traffic location on Bergenline Avenue. Above the retail space, the second floor offers a residential unit with two bedrooms, a kitchen, and a living room. Adding to the property's versatility, a substantial 2,700 square foot warehouse space is located on the top floor. Currently, the entire building is fully rented, providing immediate and consistent cash flow for the investor. The property's prime location in Union City, Hudson County, within zip code 07087, ensures high visibility and accessibility. This is a rare chance to acquire a mixed-use property with strong rental income and significant potential for future growth. The asking price for this exceptional investment is $1,600,000. This property is zoned for commercial use and offers a unique blend of retail, residential, and warehouse space, making it an attractive option for both seasoned investors and those seeking a diversified portfolio. Don't miss this chance to own a piece of thriving Union City.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $430,519
    Hospitality
    $394,353
    Educational
    $328,097
    Medical
    $339,381
    Retail
    $510,373
4003 Bergenline Ave, Union City, New Jersey

Location Insight

City
Union City
County
Hudson
State
New Jersey
Latitude
40.7766
Longitude
-74.026
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$24,530
$148,800
$182,200
$331,000
-
$148,800
$182,200
$331,000

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