Commercial space For Sale in Bayonne, NJ
MLS# : 250011837
PROPERTY DETAILS
PROPERTY DESCRIPTION
Golden investment opportunity in the heart of the business district of Bayonne. This property is a package deal that consists of 5 residential units, 4 1BRs, 1 2BR, and a commercial space. It is approximately 3,500 sq. ft. plus the basement. Currently, it is a restaurant that has been family-operated for 43 years. Fully equipped restaurant. Seats approximately 110 people and has an additional banquet room that seats approximately 75 people. Full bar and liquor license included. All inventory and liquor stock will be discussed and evaluated during attorney review and will be additional cost over and above purchase price. Excellent opportunity for owner/user with additional income from residential units. Corner property with 4 parking spaces. Building includes commercial space with gross income of $269,800 yearly, not including the business. It will not last. Take advantage of this great business opportunity.
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-963-1400 office, listing agent MEDHAT
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): | $548,013 |
| Homes Sold* (12mo): | 79 |
SINGLE FAMILY HOME SALES
Bayonne, NJ
PRICE INDEX
| Average Price* (12mo): | $302,121 |
| Apatments Sold* (12mo): | 77 |
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 : | $369,000 - 979,000 | 8 |
| Condos : | $169,000 - 598,800 | 31 |
| Co-ops : | $425,000 - 425,000 | 1 |
| Twnhs : | $569,000 - 569,000 | 1 |
| 2-4 Fam : | $490,000 - 1,199,000 | 44 |
| 5+ Fam : | $1,100,000 - 2,590,000 | 2 |
| Land : | $450,000 - 1,100,000 | 3 |
| Rentals : | $2,250 - 2,700,000 | 5 |
| Mixd Use : | $949,999 - 3,999,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $80,000 - 168,000 | 3 |
