$1,400,000

DEVELOPMENT OPPORTUNITY — 10,000 SF R-M HIGH-DENSITY RESIDENTIAL SITE Rare Bayonne development opportunity at 193–197 W 51st Street. Approximately 10,000 SF (100' × 100') vacant parcel located in Bayonne's R-M High Density Residential District, offering potential for multifamily residential development. The property is situated directly along the Hackensack Riverwalk and borders Richard Rutkowski Park, providing an exceptional setting adjacent to open space and waterfront recreation. The R-M zoning permits a variety of residential uses, including multifamily dwellings, low-rise apartments and townhouse development. Prior architectural studies have explored multifamily development on the property, including conceptual plans for approximately 14–16 residential units with parking. These plans are conceptual only and are not approved. The property is subject to recorded environmental restrictions affecting an approximately 1,550 SF Restricted Area, including limitations on residential use within that area and requirements concerning existing engineering controls. The site also has a documented riparian/buffer constraint. Prospective purchasers should conduct their own due diligence regarding the development envelope, environmental requirements, permitted density, parking, access and all required municipal and NJDEP approvals. An opportunity for a developer or builder seeking a residential development site in Bayonne's R-M district, with the added benefit of immediate access to the Hackensack Riverwalk and adjacency to Richard Rutkowski Park.