-Prime Boulevard Frontage: Property is located on Kennedy Boulevard, offering strong visibility and traffic exposure along a major north-south thoroughfare that includes easy walkable access to the Light Rail for commuters to NYC.
-Mixed-use Potential: The parcel’s zoning and lot size enable potential development of multifamily residential above retail/office, or standalone commercial/retail anchored by boulevard signage/visibility.
-Neighborhood Momentum: The lot sits near major waterfront redevelopment efforts in Bayonne which are driving population growth, amenity upgrades and rising demand for housing and retail. This includes the recently announced Paramount Studios plan to occupy part of the 58 acre, 1.6 million SF, 1888 Studios which is only a 15-minute walk from the subject property.
-Population Growth & Density: Bayonne’s population has grown by over 13% the past 10 years. A stable and growing resident base supports both rental housing and neighborhood retail.
-Planned Developments: The immediate area surrounding the parcel is experiencing a surge of new residential and mixed-use construction, signaling sustained investor confidence and growing demand for housing, retail, and amenities throughout Bayonne’s urban corridor
-Outstanding Traffic Counts: The highly trafficked intersection of Kennedy Blvd and Rt. 440 boast over 22,000 VPD