For Sale
$2,500,000

520 Broadway Bayonne, NJ 07002

Nine-unit building, high NOI, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Highlights

  • Mixed-use investment property at 520 Broadway, Bayonne, NJ.
  • Nine-unit building (four commercial, five residential).
  • Asking price: $2,500,000, with a $107,822 NOI.
  • Prime corner location with high visibility and accessibility.
  • Rear parking included.

Property Details for 520 Broadway

Property type
Retail properties, Mixed-use properties
Year Built
1920
Buildings
1
Units
9

Location Insight

City
Bayonne
County
Hudson
State
New Jersey
Latitude
40.6645935
Longitude
-74.117404

FAQs

What type of property is this?
Retail property - Nine-unit building, high NOI, prime location.
Where is the retail property located?
The property is located at 520 Broadway Bayonne, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed-use investment property at 520 Broadway, Bayonne, NJ.; Nine-unit building (four commercial, five residential).; Asking price: $2,500,000, with a $107,822 NOI.
How can I contact the broker?
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520 Broadway
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