Commercial space For Sale in Bayonne, NJ
MLS# : 240022498
PROPERTY DETAILS
PROPERTY DESCRIPTION
Seize the chance to own a three-story mixed-use property in the increasingly popular Bayonne, New Jersey. This building features two spacious three-bedroom apartments and a ground floor commercial space, presently leased to a successful, long term tenant. With a current cap rate of 6.3%, this property offers solid returns with potential for further enhancement. The two three-bedroom apartments each offer generous living spaces. The second floor unit is on a month-to-month lease, presenting an opportunity to adjust terms to market rates and increase profitability. The ground floor commercial unit is zoned for food preparation and is occupied by a thriving business with a long-term lease, ensuring stable income. Bayonne's real estate market is on the rise, making it an attractive location for investors and residents alike due to its close proximity to New York City. Bayonne offers various transportation options into NYC including NJ Transit, facilitating easy travel to and from Manhattan. This property is no doubt a compelling investment opportunity in a growing market. With stable income and potential to increase returns, it stands as a valuable addition to any investment portfolio. Don't miss the chance to invest in Bayonne's promising real estate landscape. Make an appointment today!
Amenities
This listing is a courtesy of WEICHERT REALTORS
201-339-8282 office, listing agent BEVERLY CARABALLO
About Bayonne, NJ Real Estate Market
Apart from having houses belonging to New Jersey real estate, the other forces which drive the economy of Bayonne are traditional manufacturing, maritime activities and distribution. The Cape Liberty Cruise Port located in Bayonne is a part of the Port of New York and New Jersey. Originally inhabited by Native Americans, Bayonne was claimed by the Netherlands when Henry Hudson discovered the Hudson River and places around it.
Spanning over 11.09 square miles, Bayonne shares its borders with Jersey City and is connected to Staten Island by the Bayonne Bridge. The main places of interest in Bayonne are the Bayonne Bridge, which is the fifth-largest steel arch bridge in the world, Bergen Point and a bird sanctuary on Shooters Island.
| Population: | 60,457 |
| Total Housing Units: | 22,712 |
| Single Family Homes: | 13,899 |
| Apartments: | 8,813 |
| General Tax Rate (2023): | 2.682% |
| Effective Tax Rate (2023): | 2.000% |
| Compare To Other Towns |
Bayonne Market Indicators
PRICE INDEX
| Average Price* (12mo): | $539,248 |
| Homes Sold* (12mo): | 77 |
SINGLE FAMILY HOME SALES
Bayonne, NJ
PRICE INDEX
| Average Price* (12mo): | $298,351 |
| Apatments Sold* (12mo): | 53 |
APARTMENT SALES
Bayonne, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.682% |
| Effective Tax Rate (2023): | 2.000% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $469,999 - 1,495,000 | 22 avail |
| Condos : | $169,900 - 620,000 | 21 avail |
| Co-ops : | $239,000 - 262,500 | 2 avail |
| Twnhs : | $599,000 - 599,000 | 1 avail |
| 2-4 Fam : | $499,000 - 1,300,000 | 20 avail |
| 5+ Fam : | $1,999,900 - 1,999,900 | 1 avail |
| Land : | $250,000 - 749,000 | 3 avail |
| Rentals : | $1,750 - 3,250 | 9 avail |
| Mixd Use : | $1,999,900 - 1,999,900 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | - |
