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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

507 45Th St Union City, NJ 07087

9,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 9,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Treetop Collective Recreational Cannabis Dispensary (Bike/Boat/Book/etc) Store
  • Revel Hall 45 Hotel & Motel Resort
  • Sarah's Shopping Plaza (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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