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351 Broadway 1,990 SF Retail Building Bayonne, NJ 07002 $699,000 ($351.26/SF)
Investment Highlights
- Mixed-use property featuring a restaurant in the front unit and a two-bedroom apartment with a yard in the rear, offering diversified income potential
- Current rental rates are below market value, presenting an opportunity for improved cash flow upon lease adjustments.
- Situated on a well-trafficked corridor within close proximity to major highways and regional transit options.
- Located in downtown Bayonne on Broadway with strong visibility and pedestrian traffic, providing high exposure for businesses.
- Fully furnished with restaurant equipment, tables, and chairs, supporting immediate or turnkey operation for a restaurant or similar concept.
- Flexible zoning supports numerous business uses such as law office, spa, salon, real estate agency, or specialty retail operations.
Executive Summary
This is a mixed use property in down town Bayonne NJ.The front unit is a restarount and the back unit is a two-bedroom apartment with a yard.Two rents are lower than the market price.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,990 SF
Building Class
C
Year Built
1900
Price
$699,000
Price Per SF
$351.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.06 AC
Zoning
B-2 - Community/Regional Business
Frontage
22’ on Broadway
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00246-0000-00028 | Improvements Assessment | $119,700 |
| Land Assessment | $250,000 | Total Assessment | $369,700 |
Property Taxes
Parcel Number
01-00246-0000-00028
Land Assessment
$250,000
Improvements Assessment
$119,700
Total Assessment
$369,700
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