Redevelopment Opportunity in Hackensack’s R-4 Zone – Ideal for Townhouses or Multifamily

Investment Overview

NAI James E. Hanson is pleased to exclusively offer for sale 294 Union Street, Hackensack, NJ – a prime redevelopment opportunity situated on a .19-acre corner lot in the heart of Bergen County. The property currently consists of a ±4,376 SF office building with 16 on-site parking spaces, but it is ideally suited for redevelopment pursuant to R-4 zoning, which permits townhouses, multifamily residences, and stacked flats. This high-visibility corner site offers strong traffic exposure and is ideal for developers or investors looking to capitalize on Hackensack’s continued residential growth. The property is owner-occupied; all showings must be scheduled through the listing agent. Possession available in 60–90 days.

Investment Highlights

• Prime redevelopment site
• Zoned R-4 for townhouses, multifamily, and stacked flats
• ±4,376 SF building on .19-acre corner lot
• 16 on-site parking spaces
• Located in a dense residential area with excellent accessibility
• Traffic count (AADT): 13,416
• Real Estate Taxes: $26,385.50
• Seller is owner-occupant; flexible possession timeline (60–90 days)