House Description

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 on 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 an additional 24 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.

Highlights

Listed by JOSE PINEIRO , 201-858-3000 and JOHN PINEIRO , 201-858-3000 BERKSHIRE HATHAWAY HOME SERVICES MCGEEHAN & PINEIRO REALTY , 201-858-3000. Hudson County Multiple Listing Service

Property Type

Commercial Sale

County

Hudson

Listing ID

260002893

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Payment Breakdown

Principal Interest

$11,705

Taxes

$2,488

Home Price

$2,300,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$460,000

Down Payment

Down Payment %

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Monthly Price:

$11,705.18

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$11,705.18	$2,487.75	$0.00	$14,192.93
Yearly	$140,462.13	$29,853.00	$0.00	$170,315.13
Total	$4,213,863.94	$895,590.00	$0.00	$5,109,453.94