Development opportunity with excellent traffic exposure. This property sees an estimated traffic count of over 30,000 vehicles daily!
VACANT LOT is 25 x 100. Great Opportunity to Build New Multi Use Residential Building. Zoned C-1 Neighborhood Commercial District. Must have Ground Floor Commercial. Permitted Uses: Residential, Commercial, Professional, Retail, Business, Medical Office, Salon & Spa, Church, Clubs, Shops, Coffee, Food. 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. Zoning is 60% Lot Coverage. Units can be 600 square feet & 2 Bedroom Maximum. The Parking Requirement is 1.25 per each 2 Bedroom Apartment. This is close to Shop Rite, Shops, Restaurants, Light Rail, Bus in Front of Building. Vacant Lot will sell separately provided The Building at 431 Avenue C (MLS # 240015179) is also sold separately. Amazing Development Opportunity.
Perfect opportunity for real estate developer or builder. Going for multi-unit approvals and 5 year tax abatement. Joint Venture opportunities are open as well. Seller holds a NJ Real Estate Broker License.
Bayonne is located in New Jersey. Bayonne, New Jersey has a population of 70,553. Bayonne is more family-centric than the surrounding county with 31.36% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Bayonne, New Jersey is $72,839. The median household income for the surrounding county is $79,795 compared to the national median of $69,021. The median age of people living in Bayonne is 38.4 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 24.8 degrees. The average rainfall is approximately 47.2 inches per year, with 25.6 inches of snow per year.