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$ 2,215,000
Est. payment | /mo
5 Baths
$ 2,215,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260004400
Full Baths 4
Half Baths 2
Annual Tax Amount $28,000
Lot Dimensions 25X105
Property Sub-Type Investment
Property Description
Newly constructed 3-story mixed-use building (2024) offering a rare turnkey investment opportunity in the heart of Bayonne's growing commercial corridor. The property features five residential units and one ground-floor commercial space, all thoughtfully designed with modern finishes, contemporary layouts, and in-unit laundry. The commercial space provides additional income stability and benefits from steady foot traffic along this active retail corridor. Bayonne continues to see significant growth and investment, including the recent groundbreaking of Paramount Studios, a major redevelopment project expected to bring jobs and economic activity to the area. Additionally, the new ferry service connecting Bayonne directly to Manhattan provides another convenient transit option, further enhancing the area's appeal for residents and businesses alike. Positioned near the Hudson-Bergen Light Rail, NJ Transit bus lines, and Route 440, the property offers excellent regional connectivity while benefiting from the momentum of nearby developments such as Bay One luxury apartments. With strong in-place income, modern construction, and significant neighborhood growth, this property represents an exceptional opportunity for investors seeking a stable mixed-use asset with both immediate cash flow and long-term appreciation potential. *Also available as a package deal with the neighboring mixed-use property at 950 Broadway, presenting a rare opportunity to acquire two income-producing assets side by side.*
Location
State NJ
County Hudson
Area Bayonne
Listed by SERHANT NEW JERSEY LLC