$1,150,000

Union City NJ | Mixed-Use Development I 5 or 6 Luxury Residential Units + 2 Commercial Spaces

This prime mixed-use development opportunity in Union City offers two potential configurations

6 luxury residential units above 2 commercial spaces

5 luxury residential units above 2 commercial spaces (allowing for larger residential units with higher rental potential)

Architectural plans have been submitted and are expected to be approved by mid-March. The project is designed for a 4-story, 11,049 sq. ft. building, featuring on-site parking and modern layouts to attract strong tenant demand. The property is located in a C-N (Neighborhood Commercial) zone, permitting both commercial and residential uses, giving developers flexibility in their approach.

 Property Highlights

Current Status: Vacant Lot

Lot size : 4,373 sqft 

Zoning: C-N (Neighborhood Commercial)

Proposed Parking: 12 spaces (including 1 EV charging station)

Proposed Use

Option 1: 6 residential units + 804 sq. ft. commercial space + 804 sq. ft. basement

Option 2: 5 larger residential units + 804 sq. ft. commercial space + 804 sq. ft. basement

ABV for 2 Bed/2 Bath Condos: 585k-625k

Detailed Layout (6-Unit Option)  

APT 201: 2 Bed/2 Bath, 1,072 sq. ft.

APT 202: 2 Bed/2 Bath, 1,098 sq. ft.

APT 203: 2 Bed/2 Bath, 1,194 sq. ft.

APT 301: 2 Bed/2 Bath, 1,072 sq. ft.

APT 302: 2 Bed/2 Bath, 1,098 sq. ft.

APT 303: 2 Bed/2 Bath, 1,194 sq. ft.

Commercial Spaces

Ground Floor Commercial: 804 sq. ft.

Basement Commercial: 804 sq. ft.

Investment Potential

This mixed-use property in a high-demand rental market offers revenue potential from both residential and commercial tenants. With modern amenities, dedicated parking, and strong foot traffic, it attracts quality tenants. As a vacant lot, it also allows for ground-up development, giving investors full control over design and cost.

LUXURY RENTAL COMPS 

1601 Manhattan Ave #302, Union City, NJ- RENTED $3,800

1601 Manhattan Ave #301, Union City, NJ- RENTED $3,750

1415 Manhattan Ave #404, Union City, NJ- RENTED $3,695

314 27th st #1, Union City, NJ- RENTED $3,600

CALL OR TEXT NICK WALSH AT 908-499-9128 IF YOU HAVE QUESTIONS OR WOULD LIKE TO KNOW HOW TO MOVE FORWARD