520 BroadwayBayonne, NJ 07002

Property Details for 520 Broadway

Year built

1920

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

7,449 SF

Property type

Other commercial real estate

APN

01 00197-0000-00001

APU

100197000000001

Description

This exceptional mixed-use investment property at 520 Broadway in Bayonne, New Jersey, presents a compelling opportunity for discerning investors. Built in 1920, this one-building complex boasts a total of nine units, comprising four commercial storefronts and five residential rental apartments. Currently vacant, this property offers a blank canvas for immediate income generation or strategic repositioning. The asking price is $2,500,000, with a strong net operating income (NOI) of $107,822, demonstrating significant potential for return on investment. The property's prime corner location on Broadway in the heart of Bayonne ensures high visibility and accessibility, benefiting from abundant pedestrian and vehicular traffic. Its strategic placement near various businesses, restaurants, shopping centers, and major transportation hubs, including the Hudson Bergen Light Rail and multiple hospitals, further enhances its appeal. The building also includes valuable rear parking. This is a rare opportunity to acquire a substantial mixed-use property in a thriving New Jersey market. The property's size, location, and strong NOI make it an ideal addition to any investment portfolio. The 07002 zip code and Hudson County location offer further advantages.

• Alternative Use

  Use

  Valuation

  Residential

  $1,409,642

  Hospitality

  $1,291,225

  Educational

  $1,074,284

  Medical

  $1,111,230

  Retail

  $1,671,108

Location Insight

City

Bayonne

County

Hudson

State

New Jersey

Latitude

40.6645

Longitude

-74.1173

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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