3,456 SF Former Restaurant | For Sale | 4105 Park Ave
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3,456 SF Former Restaurant | For Sale 4105 Park Ave
3,456 SF Retail Building Union City, NJ 07087 $2,152,238 CAD ($622.75 CAD/SF) 8.07% Cap Rate
INVESTMENT HIGHLIGHTS
- 3,456 SF | Restaurant w/ Kitchen | Former Hookah Lounge
- Renovated in 2018 with Floor Drains and Kitchen Exhaust
- High visibility and foot traffic potential
- Singular, adaptable unit | Zoned for commercial retail use
- Ideal for any retail, street retail, or office fitting tenants
- 3 Miles to NYC
EXECUTIVE SUMMARY
Introducing an exceptional retail / restaurant investment opportunity in the heart of Union City New Jersey. This historic property, built in 1898 and renovated in 2018, offers a prime 3,456 SF retail space ideal for forward-thinking investors. Boasting commercial retail zoning and featuring a singular, versatile unit, this property presents an attractive canvas for retail and street retail endeavors. The location offers the potential for high visibility and foot traffic in this thriving market. A unique blend of historical charm and modern functionality, this property is poised to elevate any retail venture's success in this dynamic and sought-after Northern New Jersey location.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,456 SF
Building Class
C
Year Built
1898
Price
$2,152,238 CAD
Price Per SF
$622.75 CAD
Cap Rate
8.07%
NOI
$173,685 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.32
Lot Size
0.06 AC
Zoning
R-MF - General retail commercial.
Frontage
11’ on Park Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00243-0000-00017 | Total Assessment | $815,327 CAD |
| Land Assessment | $461,077 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $354,249 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-00243-0000-00017
Land Assessment
$461,077 CAD
Improvements Assessment
$354,249 CAD
Total Assessment
$815,327 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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3,456 SF Former Restaurant | For Sale | 4105 Park Ave
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