991 Broadway 4,800 SF 100% Leased Retail Building Bayonne, NJ 07002 $699,000 ($145.63/SF) 7.24% Cap Rate

Great Investment opportunity to acquire a unique MIXED USE building in Uptown Bayonne!!! Located on the Broadway Ave Commercial Corridor, which is well known for its variety of dining, cafes and shops, making this a high foot traffic location for the commercial space, in addition of being walking distance to the LIGHT RAIL, and the Stephen R. Gregg Park where residences can take advantage of the many recreational amenities and sport facilities, making this a highly desirable location location location!!!
This 2 story building, with a nice brick face, features separate entrances to each of the units. No basement, which contributes to it's low maintenance cost!
The 1st floor consists of a store front, which includes onsite dining, a commercial kitchen, 2 half baths, with an office room. The rear apartments are currently divided into 2 units but they can be reconfigured. The entire 2nd floor features a spacious 4 bedroom, 1 bath apartment. The property is currently fully rented, generating strong monthly income, with room for upside. Explore your options and schedule a showing today!!!