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Property profile

117-119 36Th St Union City, NJ 07087

OFF-MARKET
Warehouses
15,000 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Warehouses
Total area 15,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

117-119 36Th St Union City, NJ 07087
Union City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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