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Mixed-Use Building with Tavern

53 Prospect Ave, Bayonne, NJ 07002

For Sale
$1,400,000

The sale combines an operating tavern and restaurant with a residential apartment and commercial-grade operating equipment.

Property SizeContact for details
Days on Market144

Property Features for 53 Prospect Ave

General Information

Standard status Active
Net Rentable 1,100 SF
Property subtype Investment

Site & Location

Road Access Yes
Public Transit Yes

Restaurant

Equipment Included Yes
Liquor License Yes

Units

Unit Mix 1 x 3BR
Multifamily Units 1

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Business Included Yes

Amenities

No
2
9
26.5X100

Building Details

Buildings 1
Stories 2
Listing Agency:
Listed By: Reisha Baker
Source: Skyrealtyintl
Added: Jun 19 Changed: Nov 8 Last Checked: Nov 8 at 5:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reisha Baker

Rey
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Investment Insights

Based on property information with market context.

The offering includes a mixed-use building and a family-operated tavern and restaurant that has been in business for 72 years. Commercial kitchen and bar equipment are included, along with a Class C Consumption Liquor License. The property also contains a 1,100-square-foot, three-bedroom apartment that generates rental income.

The building is across from the 22nd Street Light Rail Station. More than 1,000 newly built apartment units are in the surrounding area.

Key Highlights

  • Sale includes the operating tavern and restaurant business, mixed‑use building, and commercial kitchen and bar equipment
  • Residential apartment measures 1,100 square feet and has three bedrooms
  • Class C Consumption Liquor License included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Travel Agency Tech Support Center Catering Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

2,253
Businesses Nearby

Demographics for 07002, NJ

71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Mixed-use properties in Hudson County, NJ

$520 Jul
$441 Aug
$374 Sep
$439 Oct

Properties on Market for Mixed-use properties in Hudson County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The sale combines an operating tavern and restaurant with a residential apartment and commercial-grade operating equipment.
Where is this mixed-use property located?
The property is located at 53 Prospect Ave Bayonne, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Sale includes the operating tavern and restaurant business, mixed‑use building, and commercial kitchen and bar equipment; Residential apartment measures 1,100 square feet and has three bedrooms; Class C Consumption Liquor License included
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