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Commercial Land with Development Plans
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718 & 720 31st Street, Union City, NJ 07087

Block-through development site near I-495 and Bergenline Avenue light rail station.

Property SizeContact for details
Days on Market146

Property Features for 718 & 720 31st Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Rosewood Realty Group
Listed By: Aaron Kline · License #NY 10401290944
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 8:01AM

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 Rosewood Realty Group

Investment Insights

Based on property information with market context.

This commercial land assemblage spans 718 and 720 31st Street and 717 and 719 Sip Street in Union City, New Jersey. The block-through site connects a location between Summit Avenue and Central Avenue with proximity to both I-495 and the Bergenline Avenue light rail station.

Preliminary development plans include an 8-story hotel with 120 keys and 44 off-street parking spaces. Separate plans call for a 30-unit rental building. The property may also support commercial concepts such as office or self-storage, subject to applicable approvals.

Key Highlights

  • Commercial land assemblage at 718 & 720 31st Street and 717 & 719 Sip Street
  • Block‑through site between Summit Avenue and Central Avenue
  • Located one block from I‑495

Property Analytics

Current Use

Commercial land

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

4,313
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
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Frequently Asked Questions

What type of property is this?
Commercial land - Block-through development site near I-495 and Bergenline Avenue light rail station.
Where is this commercial land located?
The property is located at 718 & 720 31st Street Union City, NJ.
What are key features of this property?
This property features: Commercial land assemblage at 718 & 720 31st Street and 717 & 719 Sip Street; Block‑through site between Summit Avenue and Central Avenue; Located one block from I‑495
More about this property
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