3201 Bergenline AveUnion City, NJ 07087

Property Details for 3201 Bergenline Ave

Construction

BRICK

Lot size

0.10 AC

Property type

Retail properties

Property subtype

Banks

APN

10 00193-0000-00020

APU

1000193000000020

Description

This exceptional 4,403 square foot retail space in Union City, New Jersey, presents a unique investment opportunity. Located at the highly visible corner of 32nd Street and Bergenline Avenue, this property benefits from significant foot and vehicular traffic. Previously occupied by a bank, the space offers excellent visibility and exposure to a diverse customer base. The building's single-tenant configuration provides flexibility for a variety of businesses. The property's location within a thriving commercial district, surrounded by complementary retail shops and restaurants, ensures a vibrant and active neighborhood atmosphere. The 4,403 square feet provide ample space for a wide range of retail uses. The address is 3201 Bergenline Avenue, Union City, NJ 07087. This prime location offers unparalleled access to a large and diverse customer base, making it an ideal space for businesses seeking high visibility and strong foot traffic. The property's former use as a bank suggests a strong foundation and potentially desirable features. This is a rare opportunity to secure a prominent retail space in a bustling commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,576

  6.5%

  $979,917

  7%

  $909,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,438,222

  Geo Method

  $1,438,222

• Alternative Use

  Use

  Valuation

  Residential

  $826,596

  Hospitality

  $757,158

  Educational

  $629,946

  Medical

  $651,611

  Retail

  $979,917

Location Insight

City

Union City

County

Hudson

State

New Jersey

Latitude

40.7724

Longitude

-74.0293

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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