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Mixed-Use Property with Storefront
For Sale
Contact for pricing
Pending

1723 Summit Ave, Union City, NJ 07087

Five residential units are paired with a store and garage in a corner property with refreshed common areas.

Property SizeContact for details
Days on Market144

Property Features for 1723 Summit Ave

General Information

Standard status Pending
Property subtype Retail, Multifamily

Additional Details

Corner Location Yes
Multifamily Units 5
Listing Agency: Liberty Realty
Listed By: Laura Skolar Gamarello · License #NJ
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Liberty Realty

Investment Insights

Based on property information with market context.

This mixed-use property at 1723 Summit Ave combines five residential units with a store and garage. Four apartments are delivered vacant, including one that has been newly renovated. The common hallways have also been refurbished and feature a new skylight.

The property occupies a corner location in Union City, New Jersey. Its combination of residential units, storefront space, and garage creates a varied physical configuration within one asset.

Key Highlights

  • Five residential units plus store and garage
  • Four apartments delivered vacant
  • One vacant apartment newly renovated

Property Analytics

Current Use

K&R Food Market Grocery & Convenience Store

Suggested Use

Top Pick Tattoo & Piercing Shop (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Catering Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,159
Businesses Nearby

Demographics for 07087, NJ

68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Five residential units are paired with a store and garage in a corner property with refreshed common areas.
Where is this mixed-use property located?
The property is located at 1723 Summit Ave Union City, NJ.
What are key features of this property?
This property features: Five residential units plus store and garage; Four apartments delivered vacant; One vacant apartment newly renovated
More about this property
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