3903-3905 Bergenline Ave - Storefront Retail/Residential FOR SALE


Union City, NJ 07087
$5,000,000 USD
201-292-7421
3903-3905 Bergenline Ave, Union City, NJ for Sale
$5,000,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 4.47% Cap Rate

3903-3905 Bergenline Ave
Union City, NJ 07087


HIGHLIGHTS

  • Heavy Daytime Foot Traffic
  • On main street in the heart of town
  • Open-plan living areas with abundant natural light
  • Generous bedroom spaces with an additional Den
  • ample parking
  • Home to many thriving businesses

OVERVIEW

Prime Mixed-Use Building for Sale - A Thriving 9-Unit Investment Opportunity Property Overview: Unlock the potential of this dynamic mixed-use property featuring a well-maintained 9-unit building in a highly sought-after location. Combining residential comfort with commercial convenience, this versatile asset includes 5 modern one-bedroom apartments and 4 thriving retail spaces, that have a lot of potential. Residential Units: The property boasts 5 spacious one-bedroom apartments, each designed with contemporary finishes and practical layouts. These well-appointed units offer a blend of comfort and style, featuring: - Open-plan living areas with abundant natural light - Generous bedroom spaces with an additional Den Retail Spaces: The ground floor is home to 4 diverse retail spaces, each catering to a range of businesses: 1. Jewelry Store: A unique storefront in the property’s commercial mix, this well-established store attracts both local customers and visitors seeking fine jewelry and accessories. 2. Restaurant: A popular dining destination with a loyal customer base, this space benefits from high foot traffic and is poised for continued success. 3. Grocery Store: Meeting the daily needs of residents and nearby businesses, this grocery store is a community staple known for its convenience and variety within the local community. 4. Tailor Shop: Offering bespoke tailoring and alteration services, this shop adds a personal touch to the neighborhood, serving both local clientele and visitors. Location Highlights: Situated in a vibrant and rapidly growing neighborhood, this mixed-use building benefits from high visibility and accessibility. Residents enjoy the convenience of having essential services and dining options just steps away, while retailers benefit from a steady flow of foot traffic and a strong local market presence. Situated on Bergeline Avenue a well-known Main street with heavy foot traffic. Investment Potential: This property presents an excellent opportunity for investors looking to capitalize on a balanced portfolio of residential and commercial real estate. With a solid rental income from both the residential and retail components, this asset provides stability and growth potential. Don’t miss the chance to own this exceptional mixed-use property that seamlessly integrates residential comfort with commercial vitality. Contact us today to schedule a viewing.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

4.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,747 SF

ZONING

C

APN/PARCEL ID

10-00229-0000-00028

ASK ABOUT THIS PROPERTY

Michael Vera-SilvaRealty One Group ParamountMore Info
201-292-7421

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Michael Vera-SilvaRealty One Group ParamountMore Info
201-292-7421

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