Commercial space For Sale in Bayonne, NJ
MLS# : 250002516
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime opportunity on Broadway in Bayonne! This mixed-use property offers incredible investment potential with a first-floor office space and two 2-bedroom apartments on both the second and third floors. While the building is in need of upgrades, it presents a fantastic chance to add value and maximize rental income. Located in a high-traffic area with excellent visibility, this property is ideal for investors or owner-occupants looking to customize and capitalize on Bayonne’s growing market. Don’t miss this chance to transform a diamond in the rough! Office rent is $1700 per month and tenant is moving at the end of February. All four residential units are occupied month to month at $875 per month. Separate gas and electric paid by tenants.
Amenities
This listing is a courtesy of COSTANZA & PROVIDENCE REAL ESTATE AGENCY INC.
201-436-1000 office, listing agent PETER HALECKY
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): | $536,104 |
| Homes Sold* (12mo): | 82 |
SINGLE FAMILY HOME SALES
Bayonne, NJ
PRICE INDEX
| Average Price* (12mo): | $311,504 |
| Apatments Sold* (12mo): | 59 |
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 : | $315,000 - 1,495,000 | 16 avail |
| Condos : | $169,000 - 619,000 | 27 avail |
| Co-ops : | $239,000 - 239,000 | 1 avail |
| Twnhs : | $609,000 - 609,000 | 1 avail |
| 2-4 Fam : | $525,000 - 1,250,000 | 23 avail |
| 5+ Fam : | $1,999,900 - 1,999,900 | 1 avail |
| Land : | $349,900 - 1,499,000 | 3 avail |
| Rentals : | $1,850 - 3,350 | 8 avail |
| Mixd Use : | $1,999,900 - 1,999,900 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $80,000 - 80,000 | 1 avail |
