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53 Prospect Ave 4,006 SF 100% Leased Retail Building Bayonne, NJ 07002 $1,500,000 ($374.44/SF)



Investment Highlights
- The established, turnkey family-owned restaurant and tavern business.
- A Class C Consumption Liquor License.
- All commercial-grade kitchen, bar, and operating equipment.
- A spacious 1,100-square-foot, three-bedroom residential apartment generating rental income.
Executive Summary
Exceptional Investment Opportunity – Established Bar/Restaurant Business & Mixed-Use Property. This unparalleled investment opportunity combines a thriving, 72-year-old family-owned and operated bar/restaurant business with ownership of a highly desirable mixed-use commercial building. Ideally located directly across from the busy 22nd Street Light Rail Station, this is a rare chance to acquire one of Bayonne's true legacy establishments. Offered for sale for the first time in decades, Kuhl's Tavern has long served as a community gathering place, welcoming generations of patrons for great food, drinks, and camaraderie. A true neighborhood destination, the property enjoys exceptional visibility and benefits from substantial pedestrian and vehicular traffic along the highly traveled 22nd Street Midtown corridor. The location is further enhanced by the presence of more than 1,000 newly built luxury apartment units in the surrounding area, providing a strong and growing customer base. Whether you're an investor, developer, entrepreneur, or restaurateur, this is a unique opportunity to own a landmark business and income-producing property in one of Bayonne's most active and growing neighborhoods. Don't miss this rare opportunity—act now!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,006 SF
Building Class
C
Year Built
1970
Price
$1,500,000
Price Per SF
$374.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.52
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R-2
Frontage
23’ on Prospect Ave
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00455-0000-00009 | Improvements Assessment | $248,600 |
| Land Assessment | $156,500 | Total Assessment | $405,100 |
Property Taxes
Parcel Number
01-00455-0000-00009
Land Assessment
$156,500
Improvements Assessment
$248,600
Total Assessment
$405,100
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Contact the Sale Advisor
53 Prospect Ave

