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431-433 Avenue C

5,000 SF 100% Leased Retail Building Bayonne, NJ 07002 £1,026,855 (£205/SF)

Executive Summary

CORNER BUILDING Plus ADJACENT VACANT LOT = 50 x 100. Great Opportunity to own a Multi Use Plus Residential Building. 1st Floor has 2 Commercial Tenants. Plus 3 separate garages. 2nd Floor has 2 residential Apartments. Apt 1 (1 Bed 1 Bath) Apt 2 (Large 2 Bed. 1 Bath) All Units + Garages are Tenant Occupied (month to month). Zoned C-1 Neighborhood Commercial District. Permitted Uses: Residential, Commercial, Professional, Retail, Business, Medical Office, Salon & Spa, Church, Clubs, Coffee Shop, Take Out & More. Keep it or Build a 3 Story Multi Residential. Must Have a Ground Floor Commercial Space or Get a Variance to Release the Ground Floor Commercial to Residential. Get a Variance to Build a 5 Story Residential (13 Units or more). Zoning is 60% Lot Coverage. Units can be 600 square feet & 2 Bedroom Max. Parking Requirement is 1.25 per each 2 Bedroom Apt. Close to Shop Rite, Shops, Restaurants, Light Rail, Bus in Front of Building. Amazing Development Opportunity.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,000 SF
Building Class
B
Year Built
1910
Price
£1,026,855
Price Per SF
£205
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.91
Land Acres
0.06 AC
Zoning
C - Retail
Parking
3 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
25 ft on Avenue C
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Retro Fitness
The YMCA
Flagstar Bank N.A.
Valley National Bank
Blimpie America's Sub Shop
Club Pilates
Provident Bank
ShopRite
Sarku Japan
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-00224-0000-00021
  • 01-00224-0000-00020
Land Assessment
£395,005
Improvements Assessment
£244,745
Total Assessment
£639,750
  • Listing ID: 33012861

  • Date on Market: 30/08/2024

  • Last Updated:

  • Address: 431-433 Avenue C, Bayonne, NJ 07002

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