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    117-119 36Th St Union City, NJ 07087

    Sponsored
    For Sale
    $1,950,000

    15,000 SF Industrial Warehouse, Union City, NJ

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 15,000-square-foot industrial warehouse, located at 117-119 36th Street in Union City, New Jersey (zip code 07087), presents a unique redevelopment opportunity. The three-story building, situated in Hudson County, boasts approximately 5,000 square feet per floor, each featuring large, open floor plans ideal for diverse business uses. Ceiling heights range from 12 to 16 feet. Originally designed for automobile storage and most recently used as a commercial kitchen, the property includes valuable features such as floor drains, freezer space, and an industrial freight elevator connecting all three levels. A unique drive-in front loading dock enhances functionality. The building's prime location offers convenient access to the Lincoln Tunnel and immediate proximity to New York City, via easy access to US Route 1/9, the New Jersey Turnpike, and other major New Jersey highways. Given its location in a densely residential neighborhood, this is one of the last remaining industrial buildings, making it ripe for redevelopment, with similar properties successfully converted into apartment buildings. A tenant improvement allowance is available for qualified tenants with acceptable lease terms. This property is zoned for industrial/warehouse use and offers outstanding potential for warehouse, light industrial, or office applications.

    Property Features for 117-119 36Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    15,000 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Tenant improvement allowance available for qualified tenants.
    • Suitable for warehouse, light industrial, or office use.
    • Features a convenient drive‑in loading dock.
    • Excellent access to US Route 1/9, the New Jersey Turnpike, and major New Jersey highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0232416
    Latitude
    40.7717429

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    FAQs

    What type of property is this?
    Distribution property - 15,000 SF Industrial Warehouse, Union City, NJ
    Where is this distribution property located?
    The property is located at 117-119 36Th St Union City, NJ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Tenant improvement allowance available for qualified tenants.; Suitable for warehouse, light industrial, or office use.; Features a convenient drive-in loading dock.
    Request Owner's contact information
    117-119 36Th St Union City, NJ 07087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117-119 36Th St Union City, NJ 07087
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