Commercial space For Sale in Bayonne, NJ
MLS# : 260004275
PROPERTY DETAILS
PROPERTY DESCRIPTION
Rare opportunity to own a large two-story mixed use corner, brick building and a prime Bayonne location offering excellent investment and owner occupant potential. The first floor features a medical professional office of over 1800 ft.² currently configured with nine exam rooms, reception area, and waiting lobby, plus central AC, two parking spaces, and a partially finished basement with full bathroom. The commercial space is vacant, providing immediate opportunity for owner occupancy or new lease income. The upper levels include two residential apartments, generating strong rental income, creating an attractive cash flow investment. Highly visible corner close to the light rail, buses, shopping, restaurants, and major services making it ideal for both professional use and residential tenants. Excellent opportunity to acquire a well located mixed use building with income, exposure, and long-term upside in Bayonne.
Amenities
This listing is a courtesy of SUMMIT AVENUE REALTORS
201-416-4446 office, listing agent PETER AWAD
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): | $535,574 |
| Homes Sold* (12mo): | 89 |
SINGLE FAMILY HOME SALES
Bayonne, NJ
PRICE INDEX
| Average Price* (12mo): | $300,682 |
| Apatments Sold* (12mo): | 91 |
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)
