7
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$525,000
Est. payment /mo
Active
1616 SUMMIT AVE Union City, NJ 07087-1948
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240016919
Annual Tax Amount $3,513
Property Sub-Type Retail
Property Description
Two Commercial Condos for sale located on a busy and high traffic shopping area with bus & shuttle service along the avenue. Very close to Lincoln Tunnel, Hoboken and all major highways including Route 3 and NJ Turnpike. Unit A is leased for $2100 to an E-bicycle store which will be opening soon. Unit B is leased for $1800 to a Thrift store. Both have annual 5% increase and about 2 years left on current lease. Monthly HOA is $650. Heat, Water and Snow Removal is included in HOA. Excellent investment opportunity!
Location
State NJ
County Hudson
Area Union City
Listed by KELLER WILLIAMS CITY VIEWS