This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
$1,150,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/13
Property Description
TROPHY MIXED-USE ASSET | HIGH-EXPOSURE CORNER ON SUMMIT AVE | UNION CITY, NJ Position yourself in one of Hudson County's most active and supply-constrained corridors with this prime mixed-use commercial building for sale at 1505 Summit Ave, Union City, NJ. Opportunities like this rarely hit the open market-especially along Summit Avenue, the backbone of Union City's retail and pedestrian activity. This high-visibility, income-producing asset offers the ideal blend of stable cash flow + value-add upside, making it a perfect fit for savvy investors, 1031 exchange buyers, and strategic owner-users looking to secure a foothold just minutes from New York City. Why this deal stands out: Irreplaceable Location: Positioned on a major retail corridor with heavy foot traffic, strong demographics, and continuous local commerce Mixed-Use Income Stream: Retail storefront plus residential/office components-multiple revenue channels and tenant flexibility Value-Add Potential: Opportunity to increase rents, reposition, or optimize tenancy in a high-demand market NYC Proximity Premium: Direct access to Manhattan via nearby transportation-consistent tenant demand and appreciation upside Investor-Friendly Market: Union City continues to outperform with strong rental demand, low vacancy trends, and ongoing redevelopment Whether you're looking to park capital in a high-demand rental market, execute a value-add strategy, or secure a long-term hold in a prime location, this asset checks every box. Deal dynamics favor decisive buyers. Properties on Summit Ave with this level of exposure and flexibility trade quickly and often attract multiple offers-especially from North Jersey and NYC-based investors seeking yield and appreciation. Call for details, rent roll, and financials. Showings are limited. This is a must-act opportunity-delay means missing it.
Full Property Details
Full Property Details for 1505 Summit Ave
General
- Price: $1,150,000
- Status: Active
- Type: Commercial
- Source: Liberty_Board_Hudson_County_Hudson_MLS
- MLS ID: 260005724
- Updated: 4/1/2026
- Added to Site: 6 day(s) ago
Location
- County: Hudson
- Location Details: 15th and 16th Street on Summit Ave
Structural Information
- Stories in Building: 3
- # of Stores: 3
Lot Features
- Lot Description: 6
Financial Considerations
- For Sale/Rent/Lease: For Sale
Disclosures and Reports
- Lead Paint Discl.: Yes
Listed by Prominent Properties Sotheby's International Realty (201) 585-8080
Get Pre-Approved Today
Schools
Schools serving 1505 Summit Ave
School District:Union City School District
| Name | Grades | Distance |
|---|---|---|
Sara M. Gilmore Academy 1700 Kerrigan Avenue, Union City, NJ 07087 | 1-8 | 0.1 mi |
Veterans Memorial School 1401 Central Avenue, Union City, NJ 07087 | PK-5 | 0.1 mi |
Eugenio Maria De Hostos Center for Early Childhood Education 2200 John F. Kennedy Boulevard, Union City, NJ 07087 | PK-K | 0.4 mi |
Jose Marti STEM Academy 1800 Summit Avenue, Union City, NJ 07087 | 9- | 0.2 mi |
Union City High School 2500 John F. Kennedy Boulevard, Union City, NJ 07087 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1505 Summit Ave
Date
Details
Price
Change
Source
4/01/2026
Listed
$1,150,000
35.29%
MLS
4/03/2023
Sold
$850,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1505 Summit Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,825
-20%
$677,500
240%
2022
$14,755
—
$199,100
—
2021
$14,704
33%
$199,100
—
2021
$11,039
-22%
$199,100
—
2019
$14,142
2%
$199,100
—
2018
$13,877
1%
$199,100
—
2017
$13,746
—
$199,100
—
2016
$13,718
2%
$199,100
—
2015
$13,481
3%
$199,100
—
2013
$13,031
—
$199,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1505 Summit Ave
1505 Summit Ave, Union City, NJ 07087 (MLS# 260005724) is a Commercial property. 1505 Summit Ave is currently listed for $1,150,000 and was received on April 01, 2026. Want to learn more about 1505 Summit Ave? Do you have questions about finding other Commercial real estate for sale in Union City? You can browse all Union City real estate or contact a Coldwell Banker agent to request more information.

