861-863 Broadway 8,740 SF Retail Building Bayonne, NJ 07002 $1,400,000 ($160.18/SF) 6.08% Cap Rate
EXECUTIVE SUMMARY
Prime Corner Commercial Space on Broadway, Bayonne! Take advantage of this rare opportunity to purchase a corner property on Bayonne's bustling Broadway. Located at a high-visibility intersection, this space offers unmatched exposure for your business in one of the city’s most vibrant commercial districts. With 8,740 SQ. FT (4,370 SQ FT on first level and 4,370 on full basement level) of versatile space, this property is ideal for retail, office, or professional use. Property was formerly a bank and contains a large vault in the rear of the main level. Enjoy the benefits of heavy foot traffic, excellent signage potential, and proximity to local shops, restaurants, and public transportation. Position your business for success in the heart of Bayonne. Temporary 5-Year Restrictive Convent that the building cannot be used as a Pharmacy.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,740 SF
Building Class
C
Year Built
1961
Price
$1,400,000
Price Per SF
$160.18
Cap Rate
6.08%
NOI
$85,175
Tenancy
Single
Building Height
2 Stories
Building FAR
1.82
Lot Size
0.11 AC
Zoning
UBD
Frontage
50’ on Broadway
AMENITIES
- Corner Lot
- Air Conditioning
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00101-0000-00019 | Total Assessment | $800,100 (2024) |
| Land Assessment | $387,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $412,600 (2024) | Tax Year | 2025 |
