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671-673 Broadway 3,062 SF 100% Leased Retail Building Bayonne, NJ 07002 $3,921,828 CAD ($1,280.81 CAD/SF)
Investment Highlights
- Prime Broadway retail corridor location
- Restaurant/bar setup potential
- Mixed-use/value-add opportunity
Executive Summary
This iconic four-level German pub and restaurant is a rare opportunity to own one of the community's most cherished and recognizable corner properties. Rich in history and architectural character, the building showcases stunning ornate stonework, intricate wood detailing, and beautiful stained glass that create an unforgettable atmosphere for guests. A true staple in town, this long-established business has built a loyal following over the years and continues to thrive as a destination for dining, events, and nightlife. The property features a fully equipped bar, a newly updated kitchen, and a dedicated party room perfect for private events and celebrations. Outdoor seating adds to its charm and revenue potential, while the upper level residential rental provides additional income. Crowned with a classic mansard-style roof, the building carries significant historic value and timeless appeal. There is also potential for expansion, offering upside for an investor or operator looking to grow an already successful operation. Strategically located near the light rail and a future ferry stop, this property is perfectly positioned to benefit from increased accessibility and the anticipated growth tied to the upcoming movie studios. This is your chance to invest ahead of the curve and capitalize on a bustling, evolving market. The sale includes a fully equipped operation along with a liquor license, making this a true turnkey opportunity. A one-of-a-kind offering blending history, character, and income potential - ready for its next chapter.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,062 SF
Building Class
C
Year Built
1884
Price
$3,921,828 CAD
Price Per SF
$1,280.81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.11 AC
Zoning
CBD - CBD zoning allows mixed-use retail/commercial uses in downtown corridor.
Frontage
34’ on Broadway
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00153-0000-00015 | Improvements Assessment | $609,205 CAD |
| Land Assessment | $516,008 CAD | Total Assessment | $1,125,213 CAD |
Property Taxes
Parcel Number
01-00153-0000-00015
Land Assessment
$516,008 CAD
Improvements Assessment
$609,205 CAD
Total Assessment
$1,125,213 CAD
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671-673 Broadway
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