Commercial space For Sale in Bayonne, NJ
 

MLS# : 260002893

Street : 614-616 BROADWAY
Price : $2,600,000
Town : Bayonne, NJ 07002
Annual Taxes : $29,853

PROPERTY DETAILS

PROPERTY DESCRIPTION

We are proud to present a rare and exceptional opportunity to own a true Bayonne landmark — the long-established Rincon De España restaurant and the mixed-use building it has called home since 1982. This package deal includes both the fully operational, turnkey restaurant and the income-generating building it occupies, located on Broadway in the heart of Bayonne’s bustling commercial corridor. Rincon De España has been a beloved staple of the community for over four decades, known for its authentic Spanish cuisine, warm hospitality, and deep local roots. The sale includes the full restaurant operation, complete with equipment, furnishings, a valuable liquor license and decades of brand recognition — offering a seamless transition for restaurateurs, investors, or anyone looking to carry on this legacy business. The restaurant offers seating for 180 guests in the main dining rooms and an additional 24 seats in the bar area, making it ideal for both casual dining and large gatherings. The building itself is equally impressive, featuring six total units: the restaurant on the ground floor and five residential apartments above — three one-bedroom units and two two-bedroom units. All apartments are fully leased, providing consistent monthly income, and each unit has separate utilities. In addition, the property includes 4 dedicated parking spaces in the rear — a valuable asset in this vibrant and growing part of town. Bayonne is experiencing continued revitalization, with commercial and residential demand on the rise. Whether you are an investor seeking a unique mixed-use asset, a restaurateur looking to expand into an up-and-coming market, or an entrepreneur envisioning your next big move, this property offers a compelling blend of stability, upside, and legacy. Opportunities like this — combining real estate, an operating business, and community heritage — are truly one of a kind. Don’t miss the chance to own a piece of Bayonne’s past, present, and future. This is more than a building, it's a business, a brand, and a community fixture.

Amenities

This listing is a courtesy of BERKSHIRE HATHAWAY HOME SERVICES MCGEEHAN & PINEIRO REALTY
201-858-3000 office, listing agent JOSE PINEIRO

About Bayonne, NJ Real Estate Market

Situated on a peninsula between Newark Bay, Kill Van Kull and New York Bay in the Gateway Region, Bayonne is a city located in Hudson County of New Jersey state. The city has more than 70,000 people living as residents and was originally formed as a township from the portions of Bergen Township in 1861. In 1869, Bayonne was established as a city by an act of the New Jersey Legislature, which also resulted in the replacement of Bayonne Township.

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):  $545,019
Homes Sold* (12mo):  82
PRICE INDEX
SINGLE FAMILY HOME SALES

Bayonne, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $300,682
Apatments Sold* (12mo):  91
PRICE INDEX
APARTMENT SALES

Bayonne, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.682%
Effective Tax Rate (2023):  2.000%
GENRAL TAX RATE - Bayonne, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-724-6913 (cell)

Madisom Adams Sales Associate Carmela Maggio


Sales Associate
917-863-6560 (cell)

Madisom Adams Sales Associate Cindy Chiashin Shih


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Real estate inventory
Bayonne
Homes : $135,000 - 750,000 18
Condos : $189,000 - 695,000 14
Co-ops : -
Twnhs : $599,000 - 749,999 3
2-4 Fam : $599,000 - 1,360,000 22
5+ Fam : -
Land : $1,100,000 - 1,100,000 1
Rentals : $1,850 - 3,500 7
Mixd Use : $885,000 - 885,000 1
Com S : -
Com L : -
Biz : $50,000 - 149,999 2


Similar Listings in Bayonne

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 03/05/2026 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com