3,456 SF Restaurant | Lounge | Street Retail | For Sale

4105 Park Ave Union City, NJ 07087

4105 Park Ave, Union City, NJ, 07087
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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$1,698,888
Last Verified:
Oct 23, 2024

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Highlights


Description

Introducing an exceptional retail 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.

Introducing an exquisite 3,498 SF commercial condominium for lease nestled in the vibrant heart of Union City, NJ. This space exudes elegance and sophistication, meticulously crafted to create an unparalleled bar, lounge, or hookah lounge experience. Existing kitchen with exhaust hood and appliances in place. The spacious layout provides room to socialize and an ample kitchen.

Designed for utmost convenience and comfort, this establishment features two bathrooms, including one ADA-compliant facility, ensuring accessibility for all guests. From its prime location to its opulent amenities, this formal luxury hookah lounge presents a rare opportunity to immerse oneself in an oasis of sophistication and refinement.

Discover the vibrant neighborhood surrounding the property in Northern New Jersey. Located in Union City, this area boasts a diverse mix of local businesses, restaurants, and shops, making it an appealing destination for retail investors and tenants alike. The bustling Park Ave is just steps away, offering high foot traffic and visibility for any retail or street retail establishment. Nearby attractions include the scenic Washington Park, as well as convenient access to transportation options for easy commuter access. With its dynamic atmosphere and supportive community, this location presents an exciting opportunity for businesses seeking a prime retail space in a thriving market.


Year Built: 1898
Building Size: 3456sq ft
Lot Size: 0.05 acres

Units for Lease

4105 Park Ave
Space Available: 3456 SF
Lease Type: Modified Gross

Price Per Sqft/Year: $10000.00

Map of 4105 Park Ave, Union City, NJ, 07087

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.