2000 West St - Office/Residential FOR SALE


Union City, NJ 07087
$5,995,000 USD
908-433-7999
2000 West St, Union City, NJ for Sale
$5,995,000 USD
Office/Residential - FOR SALE
1/77
null | 8.15% Cap Rate

2000 West St
Union City, NJ 07087


OVERVIEW

Mixed use building with development opportunity. Fully leased with substantial, long-term tenants Significant, positive cash flow. Perfect for investor, 1031 exchange, Developer...Approvals for 17,290 additional square feet of commercial space. 32,500 square feet mixed use building consisting of office/flex/industrial/commercial/educational space. Plus, two stunning 4 bedroom/4 bath Penthouse apartments with Manhattan views and Montclair sunset I-Beam grid and columns continue through the roof: No foundation or pilings needed Built on bedrock. Fully sprinklered with central station smoke alarm Fully renovated in 2008: Three story glass atrium entrance New roof, windows, Elevator / 3-phase 800A service, electrical, lighting and HVAC. Custom blinds. Full renovation of penthouse residences. C-of-O. 2020 Renovation: Fire sprinklers. Fire alarm system. New HVAC in some spaces. New commercial bathrooms. New fire egress corridors. Updated C-of-O. Renovated and subdivided in 2020: HVAC, electrical, utilities individually metered for all twenty tenants. Two driveways and Front lawns can be paved for additional parking Minutes from Lincoln Tunnel, Holland Tunnel and PATH. 800A three-phase electrical service. One block to bus to Port Authority.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Day Care Center, Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

B & R-2

APN/PARCEL ID

10-00109-0000-00026

ASK ABOUT THIS PROPERTY

Andrew BotticelliCompassMore Info
908-433-7999

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Andrew BotticelliCompassMore Info
908-433-7999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.