431-433 Avenue C
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431-433 Avenue C
5,000 SF 100% Leased Retail Building Bayonne, NJ 07002 $1,828,039 CAD ($366 CAD/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
$1,828,039 CAD
Price Per SF
$366 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Land Acres
0.06 AC
Zoning
C - Retail
Parking
3 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-00224-0000-00020 | Improvements Assessment | $431,300 CAD |
Land Assessment | $348,047 CAD | Total Assessment | $779,348 CAD |
PROPERTY TAXES
Parcel Number
01-00224-0000-00020
Land Assessment
$348,047 CAD
Improvements Assessment
$431,300 CAD
Total Assessment
$779,348 CAD
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431-433 Avenue C
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