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In-PersonVirtual Tour
$ 2,600,000
Est. payment | /mo
7 Baths
$ 2,600,000
Est. payment | /mo
7 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260002893
Full Baths 7
Annual Tax Amount $29,853
Lot Dimensions 50x100
Property Sub-Type Investment
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.
Location
State NJ
County Hudson
Area Bayonne
Exterior
Garage Spaces 4.0
Others
Virtual Tour https://www.canva.com/design/DAHBtROGuI8/MtQEnd8--361gAiVb-4ZHg/watch?utm_content=DAHBtROGuI8&utm_campaign=designshare&utm_medium=link2&utm_source=uniquelinks&utlId=hc96adcf6eb
Listed by BERKSHIRE HATHAWAY HOME SERVICES MCGEEHAN & PINEIRO REALTY