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INVESTMENT HIGHLIGHTS
- Ideal for an Owner Operator
- Perfect opportunity for a National Retailer
- Great corner location for a New Development
EXECUTIVE SUMMARY
This offering presents a compelling opportunity to acquire a 60’ x 100’ corner property located along Bayonne’s highly trafficked Broadway corridor, one of the city’s primary commercial and transit-oriented thoroughfares. The site is improved with an approximately 1,800 square foot, three-bay mechanic’s garage and includes on-site parking for up to 14 vehicles, providing immediate operational utility and strong visibility.
The asset is well suited for multiple buyer profiles:
- An owner-user mechanic can purchase an established facility and own the underlying real estate rather than lease, securing long-term cost control and equity growth.
- A national or regional automotive-related operator may find the location ideal for expansion due to strong traffic counts, corner exposure, and existing infrastructure.
- A developer seeking a meaningful redevelopment for a multifamily, mixed-use, or medical office project, benefiting from its corner lot configuration, frontage, and proximity to surrounding residential and commercial uses.
The asset is well suited for multiple buyer profiles:
- An owner-user mechanic can purchase an established facility and own the underlying real estate rather than lease, securing long-term cost control and equity growth.
- A national or regional automotive-related operator may find the location ideal for expansion due to strong traffic counts, corner exposure, and existing infrastructure.
- A developer seeking a meaningful redevelopment for a multifamily, mixed-use, or medical office project, benefiting from its corner lot configuration, frontage, and proximity to surrounding residential and commercial uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,650 SF
Building Class
C
Year Built
1940
Price
$1,750,000
Price Per SF
$1,060.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.14 AC
Zoning
N/Av - ORS - allows for a range of commercial and residential uses. A qualified architect/ zoning professional can evaluate development scenarios and uses.
Parking
14 Spaces (8.48 Spaces per 1,000 SF Leased)
Frontage
60’ on Broadway
AMENITIES
- Corner Lot
- Fenced Lot
- Pylon Sign
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00247-0000-00050 | Improvements Assessment | $139,700 |
| Land Assessment | $448,000 | Total Assessment | $587,700 |
PROPERTY TAXES
Parcel Number
01-00247-0000-00050
Land Assessment
$448,000
Improvements Assessment
$139,700
Total Assessment
$587,700
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346-348 Broadway
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