294 Union St, Hackensack, NJ 07601

NAI James E. Hanson presents an exclusive opportunity to acquire 294 Union Street in Hackensack, New Jersey. This prime redevelopment site is situated on a .19-acre corner lot within Bergen County. The existing structure is a ±4,376 square foot office building, constructed in 1986, featuring 16 on-site parking spaces. This property is strategically positioned for future development, benefiting from its high-visibility location and strong traffic exposure.

The property is ideally suited for redevelopment under the R-4 zoning designation. This zoning classification permits a variety of residential uses, including townhouses, multifamily residences, and stacked flats, offering significant potential for investors and developers. The site's location in a dense residential area with excellent accessibility further enhances its appeal for projects catering to Hackensack's ongoing residential growth.

This offering represents a compelling opportunity for those looking to capitalize on the dynamic real estate market in Hackensack. The property is currently owner-occupied, and all showings require advance scheduling through the listing agent. A flexible possession timeline is available, with possession anticipated within 60 to 90 days of closing, providing a degree of adaptability for the acquiring party.

The property's location offers a traffic count (AADT) of 13,416, underscoring its visibility. The real estate taxes for the property are $26,385.50. This commercial property, classified as a Class C building, stands three stories tall and was built in 1986. The .19-acre lot provides ample space for potential redevelopment initiatives, aligning with the R-4 zoning that supports diverse residential construction types.