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Here’s your chance to claim a prominent piece of Bayonne history — a stately former bank building at 736 Broadway has recently hit the market.
Currently configured as an office complex featuring an exposed brick atrium and roughly 20 separate office rooms, the property lends itself to many uses. For the preservation-minded, it has the perfect bones for conversion into a trophy office, restaurant, or residence(s).
As charming as the existing structure is, it’s hard to overlook the development potential of the site itself. Situated on a 50×100 lot on the corner of Broadway and 33rd Street, one of the city’s best locations, the property could easily accommodate a new moderately sized mixed-use building. Its proximity, just a block from the Light Rail, makes it even more appealing for redevelopment.
A medical use would also suit the property well as it’s located close to Bayonne Hospital and the brand new RWJ Barnabas Medical Center.
Bayonne, long overshadowed by Jersey City to the north, is now seeing a spike in new development and investment activity. With a hefty pipeline of new developments, many which are currently under construction including the continued development of Military Ocean Terminal, and plans for a direct ferry to Manhattan, the city shows no sign of slowing down anytime soon.
736 Broadway is marketed by Sean Cotter of Dominant Properties with an asking price of $1,095,000. For more information contact Sean at [email protected] or 201-679-3072.
Listing: 736 Broadway, Bayonne
Agent: Sean Cotter / Dominant Properties
[gmap height=”250px”]736 Broadway, Bayonne, NJ 07002[/gmap]
736 Broadway, Bayonne, NJ 07002