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Rare Value-Add Mixed-Use Near Developments 147 Avenue E 6,000 SF Vacant Retail Building Online Auction Sale Bayonne, NJ 07002
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Two-story building sold entirely vacant with a two-bed apartment on the 2nd-floor rear and a two-bed apartment on the 2nd-floor front.
- One commercial space spanning 2,400 square feet presented in white box condition with three separate entrances and possible subdivision.
- Leasing availability and momentum enable smooth transitions for new commercial and residential tenants with rental income growth potential.
- Central Business District of Bayonne, approximately 7 miles south of Jersey City and convenient to Newark and New York City metros.
- Rare, mixed-use value-add opportunity in a dense, highly-constrained metro market in a prime location with a major development nearby.
EXECUTIVE SUMMARY
An exceptional opportunity in the heart of Bayonne, 147 Avenue E is an entirely vacant, mixed-use corner property located at Avenue E and East 17th Street.
This well-maintained, two-story building offers versatility and income potential, featuring three units: a spacious commercial space on the ground floor and two residential apartments above. With the CCO already passed and all units delivered vacant, this property is ready for immediate occupancy or tenant placement in today's fast-moving market. The commercial space spans approximately 2,400 square feet. It is completely white boxed with nearly 11-foot ceilings, two ADA-compliant bathrooms, and three separate entrances, allowing it to be easily subdivided into multiple storefronts. This setup is ideal for use in a café, lounge, restaurant, grocery store, boutique, or office. It has brand-new plywood flooring throughout, offering a blank slate for a buyer’s custom build-out.
Two well-maintained residential units are upstairs. The front apartment is newly renovated and accessed via a private outdoor staircase. It features two spacious bedrooms along with two bonus rooms that can be used as a home office, den, or playroom. The unit also includes a full bathroom with a washer and dryer hookup, a bright living room, a formal dining room, and a modern eat-in kitchen with quartz countertops and stainless steel appliances. The rear unit, facing East 17th Street, offers two bedrooms, an eat-in kitchen, and a comfortable living space. Both units are entirely vacant and benefit from key upgrades, including a new water heater and a new furnace. The property also includes two full basements, offering ample storage or expansion possibilities.
Located just a short walk from the 22nd Street Light Rail Station with direct access to Manhattan, this building is positioned in one of Bayonne’s most connected and high-visibility corridors. It falls within the Nicholas Oresko School PS 14 district, one of the city’s most sought-after school zones.
What truly sets this property apart is what’s happening directly across the street: a major mixed-use redevelopment project, designed by MHS Architecture and approved by the City of Bayonne. The development comprises two buildings—one six stories and one 18 stories—containing a combined 286 residential units, 3,505 square feet of retail space, and 409 parking spaces. This transformative project is expected to drive significant foot traffic and long-term demand to the immediate area, adding tremendous upside to any business operating at 147 Avenue E.
In a market shaped by constant change, 147 Avenue E offers rare value, flexibility, and prime positioning for both investors and users.
This well-maintained, two-story building offers versatility and income potential, featuring three units: a spacious commercial space on the ground floor and two residential apartments above. With the CCO already passed and all units delivered vacant, this property is ready for immediate occupancy or tenant placement in today's fast-moving market. The commercial space spans approximately 2,400 square feet. It is completely white boxed with nearly 11-foot ceilings, two ADA-compliant bathrooms, and three separate entrances, allowing it to be easily subdivided into multiple storefronts. This setup is ideal for use in a café, lounge, restaurant, grocery store, boutique, or office. It has brand-new plywood flooring throughout, offering a blank slate for a buyer’s custom build-out.
Two well-maintained residential units are upstairs. The front apartment is newly renovated and accessed via a private outdoor staircase. It features two spacious bedrooms along with two bonus rooms that can be used as a home office, den, or playroom. The unit also includes a full bathroom with a washer and dryer hookup, a bright living room, a formal dining room, and a modern eat-in kitchen with quartz countertops and stainless steel appliances. The rear unit, facing East 17th Street, offers two bedrooms, an eat-in kitchen, and a comfortable living space. Both units are entirely vacant and benefit from key upgrades, including a new water heater and a new furnace. The property also includes two full basements, offering ample storage or expansion possibilities.
Located just a short walk from the 22nd Street Light Rail Station with direct access to Manhattan, this building is positioned in one of Bayonne’s most connected and high-visibility corridors. It falls within the Nicholas Oresko School PS 14 district, one of the city’s most sought-after school zones.
What truly sets this property apart is what’s happening directly across the street: a major mixed-use redevelopment project, designed by MHS Architecture and approved by the City of Bayonne. The development comprises two buildings—one six stories and one 18 stories—containing a combined 286 residential units, 3,505 square feet of retail space, and 409 parking spaces. This transformative project is expected to drive significant foot traffic and long-term demand to the immediate area, adding tremendous upside to any business operating at 147 Avenue E.
In a market shaped by constant change, 147 Avenue E offers rare value, flexibility, and prime positioning for both investors and users.
MATTERPORT 3D TOURS
3D Exterior
/2
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Miscellaneous
MARKET ANALYTICS Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
1902
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
2.30
Lot Size
0.06 AC
Parcel Numbers
Zoning
R-2, Bayonne City
Frontage
100’ on Avenue E
AMENITIES
- 24 Hour Access
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (91)
ABOUT HUDSON WATERFRONT
The Hudson Waterfront area stretches from Bayonne to North Bergen. The submarkets offers a sweeping view of the New York City skyline and the populations of Jersey City, Hoboken, and Weehawken have notably increased over the past decade with newly constructed buildings adorning the skyline.
Residents here typically are well educated, have incomes that are higher than the national average, and work in New York City. The submarket boasts a range of quick and convenient public transit options to job nodes in Manhattan. A ride on the PATH train from the Exchange Place stop takes about 10 minutes. Ferry service runs through the Paulus Hook Ferry Terminal, offering multiple lines connecting to Lower and Midtown Manhattan.
With a considerable amount of consumer spending power at their disposal, retail occupiers are quick to establish themselves here.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
40,038
191,674
505,614
2020 Population
43,624
199,998
540,381
2029 Population
38,148
186,341
489,316
2024-2029 Projected Population Growth
-4.7%
-2.8%
-3.2%
Daytime Employees
12,241
54,899
146,582
Total Businesses
1,487
6,349
16,580
Average Household Income
$86,519
$95,598
$94,317
Median Household Income
$64,107
$71,674
$68,513
Total Consumer Spending
$413.4M
$2B
$5.2B
Median Age
39.5
38.8
38.6
2024 Households
15,203
68,435
177,168
Percent College Degree or Above
23%
20%
19%
Average Home Value
$407,826
$536,772
$569,914
NEARBY MAJOR RETAILERS
SALE ADVISOR
SALE ADVISOR
Hanna Musharbash, Vice President
As the Vice President of Provident Legacy Realtors and the Founder of HM Home Design, I have over 14 years of experience in the real estate and home design industry. I have a passion for creating beautiful and functional spaces that meet the needs and preferences of my clients. I have a Bachelor of Science degree in Global Business - Management from New Jersey City University, which has equipped me with the skills and knowledge to manage and grow my businesses in a competitive and dynamic market. I have also developed strong customer service and public speaking skills, which I have applied in my previous role and current roles. I enjoy working with diverse and talented teams, and I am always eager to learn new things and take on new challenges. My mission is to provide high-quality and personalized service to my clients, and to make a positive impact on the communities I serve.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Rare Value-Add Mixed-Use Near Developments | 147 Avenue E
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Rare Value-Add Mixed-Use Near Developments | 147 Avenue E
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