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3,456 SF Former Restaurant | For Sale 4105 Park Ave 3,456 sq ft Retail Property Union City, NJ 07087 £1,121,213 (£324.43/sq ft) 8.07% 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 sq ft |
|---|---|---|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
3,456 sq ft
Costar Property Class
C
Year Built
1898
Price
£1,121,213
Price per sq ft
£324.43
Yield
8.07%
NOI
£90,482
Tenancy
Single
Number of Floors
1
Plot ratio
1.32
Total Plot Size
0.06 ac
Use Class
R-MF - General retail commercial.
Frontage
11 ft on Park Ave
AMENITIES
- Bus Route
- Signage
Walk Score®
Excellent pedestrian access (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-00243-0000-00017 | Total Assessment | £602,987 (2025) |
| Land Assessment | £243,110 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £359,877 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10-00243-0000-00017
Land Assessment
£243,110 (2025)
Improvements Assessment
£359,877 (2025)
Total Assessment
£602,987 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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3,456 SF Former Restaurant | For Sale | 4105 Park Ave
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