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354 Avenue C 13,000 SF Retail Building Bayonne, NJ 07002 $8,500,000 ($653.85/SF)



INVESTMENT HIGHLIGHTS
- Geothermal HVAC
- Built-in artwork
- Granite Facade
EXECUTIVE SUMMARY
Owner-user headquarters opportunity for medical, tech, or institutional organizations seeking long-term control, visibility, and brand presence. This offering is not positioned as an income-producing or yield-driven asset and is best suited for an organization intending to occupy and operate from the property.
The building contains approximately 13,000 square feet of functional interior space, with public records reflecting approximately 17,000 square feet inclusive of all constructed areas. Completed in 2011, the property features modern, institutional-grade construction appropriate for headquarters use, medical practices, specialty clinics, educational, nonprofit, or mission-driven organizations.
A key differentiator of this asset is its exceptionally low cost of occupancy relative to scale. Total monthly operating expenses are approximately $3,700, significantly below prevailing market rent levels for comparable space. For owner-users currently leasing large footprints, this creates a compelling long-term ownership alternative and a hedge against rising rents.
The property was designed with durability, efficiency, and long-term ownership in mind and includes:
- Geothermal HVAC system, supporting energy efficiency and long-term operating cost stability
- Reinforced concrete construction for permanence and institutional quality
- Granite façade, providing longevity, low maintenance, and strong visual presence
- Integrated architectural artwork, contributing to identity and brand distinction for owner-users
The building offers strong visibility and standalone identity, making it well-suited for organizations where brand presence, permanence, and control over space are strategic priorities. Ownership allows flexibility in layout, branding, and long-term planning that is not achievable in leased environments.
This opportunity is particularly well-aligned with:
- Medical groups and specialty practices evaluating ownership vs. long-term leasing
- Institutional or nonprofit organizations seeking a permanent headquarters
- Tech or creative firms requiring a centralized, brand-defining location
- Educational, cultural, or foundation users prioritizing stability and visibility
Zoning supports professional, institutional, and organizational use (buyer to verify specific use). Floor plans are available for review upon request and demonstrate functional layouts suitable for a variety of owner-user configurations.
Important note: This property is intentionally not marketed as an investment and is not priced or underwritten on cap rate or income metrics. Buyer evaluation should be based on operational suitability, long-term occupancy economics, and strategic ownership considerations, rather than short-term yield.
Qualified owner-user inquiries only.
The building contains approximately 13,000 square feet of functional interior space, with public records reflecting approximately 17,000 square feet inclusive of all constructed areas. Completed in 2011, the property features modern, institutional-grade construction appropriate for headquarters use, medical practices, specialty clinics, educational, nonprofit, or mission-driven organizations.
A key differentiator of this asset is its exceptionally low cost of occupancy relative to scale. Total monthly operating expenses are approximately $3,700, significantly below prevailing market rent levels for comparable space. For owner-users currently leasing large footprints, this creates a compelling long-term ownership alternative and a hedge against rising rents.
The property was designed with durability, efficiency, and long-term ownership in mind and includes:
- Geothermal HVAC system, supporting energy efficiency and long-term operating cost stability
- Reinforced concrete construction for permanence and institutional quality
- Granite façade, providing longevity, low maintenance, and strong visual presence
- Integrated architectural artwork, contributing to identity and brand distinction for owner-users
The building offers strong visibility and standalone identity, making it well-suited for organizations where brand presence, permanence, and control over space are strategic priorities. Ownership allows flexibility in layout, branding, and long-term planning that is not achievable in leased environments.
This opportunity is particularly well-aligned with:
- Medical groups and specialty practices evaluating ownership vs. long-term leasing
- Institutional or nonprofit organizations seeking a permanent headquarters
- Tech or creative firms requiring a centralized, brand-defining location
- Educational, cultural, or foundation users prioritizing stability and visibility
Zoning supports professional, institutional, and organizational use (buyer to verify specific use). Floor plans are available for review upon request and demonstrate functional layouts suitable for a variety of owner-user configurations.
Important note: This property is intentionally not marketed as an investment and is not priced or underwritten on cap rate or income metrics. Buyer evaluation should be based on operational suitability, long-term occupancy economics, and strategic ownership considerations, rather than short-term yield.
Qualified owner-user inquiries only.
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access
| 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 |
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
C
Year Built
2012
Price
$8,500,000
Price Per SF
$653.85
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.11
Lot Size
0.14 AC
Zoning
R-3
Parking
10 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
48’ on Avenue C
AMENITIES
- Corner Lot
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00246-0000-00059 | Total Assessment | $1,825,000 (2025) |
| Land Assessment | $195,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,629,900 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
01-00246-0000-00059
Land Assessment
$195,100 (2025)
Improvements Assessment
$1,629,900 (2025)
Total Assessment
$1,825,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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