Mixed Used Building 8 Apt. 2 stores for sale | 814-816 Summit Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Mixed Used Building 8 Apt. 2 stores for sale 814-816 Summit Ave
12,150 SF 100% Leased Retail Building Union City, NJ 07087 $1,975,000 ($163/SF) 5.95% Cap Rate
Investment Highlights
- Heavy daytime vehicular & foot traffic
- Rear municipal parking lot
- fully occupied
Executive Summary
Prime investment property. Three Story building with 8 residential units plus double wide retail store are all occupied.
Separate utilities, All tenants pay electric, heat, hot water and cooking gas..
High ceilings and basement.
Lot size 50x108
Separate utilities, All tenants pay electric, heat, hot water and cooking gas..
High ceilings and basement.
Lot size 50x108
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,150 SF
Building Class
B
Year Built/Renovated
1910/2011
Price
$1,975,000
Price Per SF
$163
Cap Rate
5.95%
NOI
$117,600
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.32
Lot Size
0.12 AC
Zoning
C, Union City. - Mixed used
Frontage
50 FT on Summit Ave
Amenities
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Your Dollar Store with More is Canada’s largest dollar store franchise chain with well over a hundred locations across Canada. Since 1998, Your Dollar Store with More has been fine tuning their franchising system to offer the most proven products and methods for operating successful dollar stores in today’s changing marketplace.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Walker's Paradise (93)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10-00042-0000-00005 | Total Assessment | $1,780,600 (2024) |
| Land Assessment | $480,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,300,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
10-00042-0000-00005
Land Assessment
$480,000 (2024)
Improvements Assessment
$1,300,600 (2024)
Total Assessment
$1,780,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
1 of 27
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mixed Used Building 8 Apt. 2 stores for sale | 814-816 Summit Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.