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614-616 Broadway 6,197 SF 100% Leased Retail Building Bayonne, NJ 07002 $3,123,400 CAD ($504.02 CAD/SF)



Executive Summary
We are proud to present a rare and exceptional opportunity to own a true Bayonne
landmark — the long-established Rincon De España restaurant and the mixed-use
building it has called home since 1982. This package deal includes both the fully
operational, turnkey restaurant and the income-generating building it occupies, located
just off Broadway in the heart of Bayonne’s bustling commercial corridor.
Rincon De España has been a beloved staple of the community for over four decades,
known for its authentic Spanish cuisine, warm hospitality, and deep local roots. The sale
includes the full restaurant operation, complete with equipment, furnishings, a valuable
liquor license and decades of brand recognition — offering a seamless transition for
restaurateurs, investors, or anyone looking to carry on this legacy business. The restaurant
offers seating for 180 guests in the main dining rooms and 24 additional seats in the bar
area, making it ideal for both casual dining and large gatherings.
The building itself is equally impressive, featuring six total units: the restaurant on the
ground floor and five residential apartments above — three one-bedroom units and two
two-bedroom units. All apartments are fully leased, providing consistent monthly income,
and each unit has separate utilities. In addition, the property includes 4 dedicated parking
spaces in the rear — a valuable asset in this vibrant and growing part of town.
Bayonne is experiencing continued revitalization, with commercial and residential demand
on the rise. Whether you are an investor seeking a unique mixed-use asset, a restaurateur
looking to expand into an up and coming market, or an entrepreneur envisioning your next big move,
this property offers a compelling blend of stability, upside, and legacy. Opportunities like
this — combining real estate, an operating business, and community heritage — are truly
one of a kind. Don’t miss the chance to own a piece of Bayonne’s past, present, and future.
This is more than a building, it's a business, a brand, and a community fixture.
landmark — the long-established Rincon De España restaurant and the mixed-use
building it has called home since 1982. This package deal includes both the fully
operational, turnkey restaurant and the income-generating building it occupies, located
just off Broadway in the heart of Bayonne’s bustling commercial corridor.
Rincon De España has been a beloved staple of the community for over four decades,
known for its authentic Spanish cuisine, warm hospitality, and deep local roots. The sale
includes the full restaurant operation, complete with equipment, furnishings, a valuable
liquor license and decades of brand recognition — offering a seamless transition for
restaurateurs, investors, or anyone looking to carry on this legacy business. The restaurant
offers seating for 180 guests in the main dining rooms and 24 additional seats in the bar
area, making it ideal for both casual dining and large gatherings.
The building itself is equally impressive, featuring six total units: the restaurant on the
ground floor and five residential apartments above — three one-bedroom units and two
two-bedroom units. All apartments are fully leased, providing consistent monthly income,
and each unit has separate utilities. In addition, the property includes 4 dedicated parking
spaces in the rear — a valuable asset in this vibrant and growing part of town.
Bayonne is experiencing continued revitalization, with commercial and residential demand
on the rise. Whether you are an investor seeking a unique mixed-use asset, a restaurateur
looking to expand into an up and coming market, or an entrepreneur envisioning your next big move,
this property offers a compelling blend of stability, upside, and legacy. Opportunities like
this — combining real estate, an operating business, and community heritage — are truly
one of a kind. Don’t miss the chance to own a piece of Bayonne’s past, present, and future.
This is more than a building, it's a business, a brand, and a community fixture.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,197 SF
Building Class
C
Year Built
1920
Price
$3,123,400 CAD
Price Per SF
$504.02 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.11 AC
Zoning
CBD - Central Business District
Parking
4 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00168-0000-00051-01 | Improvements Assessment | $902,502 CAD |
| Land Assessment | $530,763 CAD | Total Assessment | $1,433,265 CAD |
Property Taxes
Parcel Number
01-00168-0000-00051-01
Land Assessment
$530,763 CAD
Improvements Assessment
$902,502 CAD
Total Assessment
$1,433,265 CAD
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614-616 Broadway
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