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 £1,342,138 (£388/SF) 7.12% Net Initial Yield
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 | 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 (Pro forma - 2024) 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 or Owner User
Property Type
Retail
Property Subtype
Building Size
3,456 SF
Building Class
C
Year Built
1898
Price
£1,342,138
Price Per SF
£388
Net Initial Yield
7.12%
NOI
£95,560
Tenancy
Single
Number of Floors
1
Building FAR
1.32
Land Acres
0.06 AC
Zoning
R-MF - General retail commercial.
Frontage
11 ft on Park Ave
Amenities
- Bus Route
- Signage
Walk Score ®
Walker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10-00243-0000-00017 | Total Assessment | £451,134 |
| Land Assessment | £255,122 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £196,012 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-00243-0000-00017
Land Assessment
£255,122
Improvements Assessment
£196,012
Total Assessment
£451,134
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
-
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3,456 SF Former Restaurant | For Sale | 4105 Park Ave
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