507 45Th St Union City, NJ 07087
This exceptional 9,000-square-foot commercial property, located at 507-511 45th Street in Union City, New Jersey, presents a unique investment opportunity. Currently configured as a single-tenant medical office space (4,500 sq ft), this versatile property is ideally suited for a variety of uses, including retail, restaurant, or additional medical practices. The building boasts high ceilings and features five built-out offices, an ADA-compliant bathroom, and convenient front loading zone. Its prime location in the heart of Union City's Bergenline Gold Coast submarket, within one of New Jersey's most densely populated zip codes (07087), ensures high visibility and accessibility. The property's proximity to public transportation offers easy access to New York City, just 20 minutes away. Furthermore, its strategic placement, half a block from a municipal parking lot and surrounded by numerous residential units, guarantees a substantial customer base. This property offers a rare blend of convenience, accessibility, and high-traffic potential, making it an exceptional investment for discerning buyers seeking a thriving commercial space in a dynamic urban setting. The property type is classified as Retail, Office, and Restaurant.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.