Automotive / Development Opportunity

346-348 Broadway,
Bayonne, NJ 07002

 

$1,750,000
Price
6,000
Land SF
1,800
Building SF
.1377
Land Acres
$972
Price Per SF
ORS - Office Retail Service District
Zoning Type
$1,750,000
Price
6,000
Land SF
1,800
Building SF
.1377
Land Acres
$972
Price Per SF
ORS - Office Retail Service District
Zoning Type

  • This offering presents a compelling opportunity to acquire a 60’ x 100’ corner property located along Bayonne’s highly trafficked Broadway corridor, one of the city’s primary commercial and transit-oriented thoroughfares.
  • The site is improved with an approximately 1,800 square foot, three-bay mechanic’s garage and includes on-site parking for up to 14 vehicles, providing immediate operational utility and strong visibility.
  • The asset is well suited for multiple buyer profiles. An owner-user mechanic can purchase an established facility and own the underlying real estate rather than lease, securing long-term cost control and equity growth. National or regional automotive-related operators may find the location ideal for expansion due to strong traffic counts, corner exposure, and existing infrastructure.
  • Additionally, the property offers meaningful redevelopment potential for a multifamily, mixed-use, or medical office project, benefiting from its corner lot configuration, frontage, and proximity to surrounding residential and commercial uses.
  • The property is located within the ORS zoning district, which allows for a range of commercial and residential uses. A qualified architect and zoning professional can further evaluate development scenarios to maximize density and returns.
  • With Bayonne’s continued population growth, investment in new housing, and increasing demand for services along Broadway, this asset represents a rare opportunity to acquire a flexible, income-producing site with long-term upside in a strengthening urban market.

  • Bayonne is a coastal city in Hudson County, New Jersey, situated on the Bergen Neck peninsula between Newark Bay to the west, the Kill Van Kull to the south, and New York Bay to the east. It lies just south of Jersey City and north of Staten Island, making it part of the New York metropolitan area and providing easy access to Manhattan via transit and roadways such as the Bayonne Bridge.
  • According to U.S. Census data, Bayonne’s population increased substantially from 63,024 in 2010 to 71,686 in 2020, a growth of about 13.7% over that decade. Recent estimates place the city’s population at around 74,500 in 2024, continuing a trend of moderate growth as Bayonne becomes an increasingly desirable residential community within Hudson County.
  • Over the past decade, Bayonne has experienced substantial growth in multifamily residential construction as part of its broader revitalization and waterfront redevelopment efforts. Hundreds of new apartment units have been completed or approved across the city, with additional high-density developments proposed, reflecting strong demand for housing.
  • Much of this construction has taken place on former industrial or underutilized sites and has included mixed-use components such as ground-floor retail and resident amenities. A significant portion of the new housing is concentrated near transit corridors, including light rail stations, supporting Bayonne’s transition from an industrial center to a more residential, transit-oriented, and mixed-use community.
  • Bayonne is emerging as a major film and television production hub with the construction of 1888 Studios, a large-scale production campus planned on approximately 58–70 acres of redeveloped waterfront land. Envisioned as the largest film and TV studio complex in the Northeast, the facility will include roughly 1.5–1.6 million square feet of sound stages and supporting space, with more than 20 stages designed to accommodate large productions.
  • The project has attracted significant industry interest, including a long-term lease from a major film studio, and has received state support through economic and film-related incentive programs. Construction began in late 2025 and is expected to continue through the mid-2020s, with the studio anticipated to create thousands of jobs, strengthen Bayonne’s economy, and increase demand for housing and local services across Hudson County.
FOR MORE DETAILS CONTACT
Elliot Schechter
917-902-7605
elliot@palisadere.com