196 Broadway, Bayonne, NJ 07002

Property Description

Exceptional mixed-use investment opportunity in the heart of Bayonne's vibrant Village District. This well-maintained three-unit property features a highly visible commercial storefront at street level and two spacious residential apartments, offering an ideal blend of stable income and future upside. Generating a cap rate well above 6.5% at average market rents, this presents a compelling opportunity for both investors and owner-occupants. Both apartments will be delivered vacant, providing immediate flexibility to maximize rents, occupy a unit, or customize the space to suit your investment strategy. The residential apartments are in great condition with generous layouts, highlighted by an expansive top-floor duplex featuring oversized rooms and abundant living space rarely found in today's market. The commercial storefront benefits from strong pedestrian visibility and consistent neighborhood activity. Located in Bayonne's sought-after Village District, residents and business owners alike enjoy being surrounded by an eclectic mix of cafés, restaurants, boutiques, bookstores, art galleries, and local businesses that give the neighborhood its unique character and appeal. Convenient access to transportation, major highways, and nearby waterfront destinations further enhances the property's desirability.