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256 Kennedy Blvd 0.55 Acres of Commercial Land Offered at $5,750,000 in Bayonne, NJ 07002
INVESTMENT HIGHLIGHTS
- Prime Boulevard Frontage: High visibility on Kennedy Blvd with walkable Light Rail access to NYC.
- Neighborhood Momentum: Near major waterfront redevelopment, including Paramount’s planned 1888 Studios, 15 minutes away.
- Planned Developments: Surrounding area booming with new residential and mixed-use projects, signaling investor confidence.
- Mixed-Use Potential: Zoning allows multifamily over retail/office or standalone commercial with strong signage.
- Population Growth: Bayonne’s population up 13% in 10 years, supporting rental housing and retail demand.
- Strong Traffic Counts: Kennedy Blvd & Rt. 440 intersection sees 22,000+ vehicles per day.
EXECUTIVE SUMMARY
-Prime Boulevard Frontage: Property is located on Kennedy Boulevard, offering strong visibility and traffic exposure along a major north-south thoroughfare that includes easy walkable access to the Light Rail for commuters to NYC.
-Mixed-use Potential: The parcel’s zoning and lot size enable potential development of multifamily residential above retail/office, or standalone commercial/retail anchored by boulevard signage/visibility.
-Neighborhood Momentum: The lot sits near major waterfront redevelopment efforts in Bayonne which are driving population growth, amenity upgrades and rising demand for housing and retail. This includes the recently announced Paramount Studios plan to occupy part of the 58 acre, 1.6 million SF, 1888 Studios which is only a 15-minute walk from the subject property.
-Population Growth & Density: Bayonne’s population has grown by over 13% the past 10 years. A stable and growing resident base supports both rental housing and neighborhood retail.
-Planned Developments: The immediate area surrounding the parcel is experiencing a surge of new residential and mixed-use construction, signaling sustained investor confidence and growing demand for housing, retail, and amenities throughout Bayonne’s urban corridor
-Outstanding Traffic Counts: The highly trafficked intersection of Kennedy Blvd and Rt. 440 boast over 22,000 VPD
-Mixed-use Potential: The parcel’s zoning and lot size enable potential development of multifamily residential above retail/office, or standalone commercial/retail anchored by boulevard signage/visibility.
-Neighborhood Momentum: The lot sits near major waterfront redevelopment efforts in Bayonne which are driving population growth, amenity upgrades and rising demand for housing and retail. This includes the recently announced Paramount Studios plan to occupy part of the 58 acre, 1.6 million SF, 1888 Studios which is only a 15-minute walk from the subject property.
-Population Growth & Density: Bayonne’s population has grown by over 13% the past 10 years. A stable and growing resident base supports both rental housing and neighborhood retail.
-Planned Developments: The immediate area surrounding the parcel is experiencing a surge of new residential and mixed-use construction, signaling sustained investor confidence and growing demand for housing, retail, and amenities throughout Bayonne’s urban corridor
-Outstanding Traffic Counts: The highly trafficked intersection of Kennedy Blvd and Rt. 440 boast over 22,000 VPD
PROPERTY FACTS
| Price | $5,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.55 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | C-2 - Community Commercial | ||
| Price | $5,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.55 AC |
| No. Stories | 2 |
| Zoning | C-2 - Community Commercial |
1 LOT AVAILABLE
Lot
| Price | $5,750,000 | Lot Size | 0.55 AC |
| Price Per AC | $10,454,545.45 |
| Price | $5,750,000 |
| Price Per AC | $10,454,545.45 |
| Lot Size | 0.55 AC |
0.55 AC redevelopment opportunity
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 01-00297-0000-00002 | Improvements Assessment | $250,900 |
| Land Assessment | $1,149,100 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Parcel Number
01-00297-0000-00002
Land Assessment
$1,149,100
Improvements Assessment
$250,900
Total Assessment
$1,400,000
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256 Kennedy Blvd
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