Commercial space For Sale in Bayonne, NJ
MLS# : 250008941
PROPERTY DETAILS
PROPERTY DESCRIPTION
Get ready to discover an extraordinary investment opportunity at 870 Broadway, where the vibrancy of Bayonne’s uptown meets the elegance of classic architecture! This magnificent brick building is not just a property; it's a gateway to possibility, featuring two expansive three-bedroom units and a dynamic mixed-use commercial space. Situated in a prime location, this property combines residential charm with commercial potential, making it the ultimate choice for forward-thinking investors. Unit 1 is zoned for commercial use and is occupied by a spa. The residential units boast smart layouts, featuring two bedrooms on one side and a third bedroom on the opposite end, enhancing privacy and functionality. Each unit is characterized by a sizable living room with high ceilings, creating a sense of openness and comfort. Hardwood floors add a modern touch to these charming spaces. The 3rd floor’s eat-in-kitchen has been renovated, showcasing sleek white cabinetry that brightens the room and provides ample storage. Situated on a 2,090 square foot lot, this property is conveniently located just five blocks from the Light Rail transportation at 45th Street, with buses readily accessible along Broadway. For outdoor enthusiasts, the entrance to Stephen R. Gregg Park is merely a block away. Additionally, the vibrant local dining scene includes favorites such as Americano, El Aguila Dorada and Angelina’s, all within a short walk. This property is an excellent choice for investors seeking a blend of residential comfort and commercial potential in a thriving community. Don't miss the chance to own a piece of Bayonne's future.
Amenities
This listing is a courtesy of COMPASS NEW JERSEY, LLC
201-627-4947 office, listing agent DANA SHAHEEN
About Bayonne, NJ Real Estate Market
Apart from having houses belonging to New Jersey real estate, the other forces which drive the economy of Bayonne are traditional manufacturing, maritime activities and distribution. The Cape Liberty Cruise Port located in Bayonne is a part of the Port of New York and New Jersey. Originally inhabited by Native Americans, Bayonne was claimed by the Netherlands when Henry Hudson discovered the Hudson River and places around it.
Spanning over 11.09 square miles, Bayonne shares its borders with Jersey City and is connected to Staten Island by the Bayonne Bridge. The main places of interest in Bayonne are the Bayonne Bridge, which is the fifth-largest steel arch bridge in the world, Bergen Point and a bird sanctuary on Shooters Island.
| Population: | 60,457 |
| Total Housing Units: | 22,712 |
| Single Family Homes: | 13,899 |
| Apartments: | 8,813 |
| General Tax Rate (2023): | 2.682% |
| Effective Tax Rate (2023): | 2.000% |
| Compare To Other Towns |
Bayonne Market Indicators
PRICE INDEX
| Average Price* (12mo): | $547,950 |
| Homes Sold* (12mo): | 76 |
SINGLE FAMILY HOME SALES
Bayonne, NJ
PRICE INDEX
| Average Price* (12mo): | $307,224 |
| Apatments Sold* (12mo): | 72 |
APARTMENT SALES
Bayonne, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.682% |
| Effective Tax Rate (2023): | 2.000% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $299,000 - 979,000 | 16 |
| Condos : | $180,000 - 599,000 | 29 |
| Co-ops : | $475,000 - 475,000 | 1 |
| Twnhs : | $585,000 - 585,000 | 1 |
| 2-4 Fam : | $449,000 - 1,200,000 | 29 |
| 5+ Fam : | $1,999,900 - 2,590,000 | 2 |
| Land : | $450,000 - 1,100,000 | 3 |
| Rentals : | $1,895 - 2,800 | 6 |
| Mixd Use : | $949,999 - 3,999,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $80,000 - 168,000 | 3 |
