Property
Highlands, NJ 07732 196 Bay Avenue
$750,000
Pending
23 more
Presented By: Stephen Candelino, O'Brien Realty, LLC
SQFT • 3,200
Home Details
Located in the heart of Highlands, this versatile mixed-use property offers exceptional visibility and multiple income streams. The first floor provides flexible space ideal for retail, office, or restaurant use, while the second floor features a spacious 1,500 sq. ft. apartment with 4 bedrooms.
Situated in a newly re-zoned district that allows for additional building height, the property presents a rare value-add opportunity. Investors can enhance returns by dividing the existing apartment into two 2-bedroom units and adding another story with two additional 2-bedroom apartments.
With rental demand in Highlands remaining strong thanks to proximity to the Sea Streak Ferry and the Jersey Shore, 2-bedroom units consistently average $2,500+ per month. This combination of development potential and its prime location makes this property a standout opportunity in one of Monmouth County's most sought-after communities!
Presented By: Stephen Candelino, O'Brien Realty, LLC
Interior Features for 196 Bay Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementSlab
FlooringLinoleum, Concrete
Heating Y/NYes
Heating-Forced AirTrue
Interior AmenitiesHandicapped, Refrigeration
Total Fireplaces
General for 196 Bay Avenue
Accessibility Features Y/NNone
Additional Parcels Y/NNo
Business TypeRetail, Barber/Salon, Bakeries/Shop, Apartments, Other, Professional Service, Bar/Tavern/Lounge, Convenience Store, Professional/Office, Deli/Catering, Restaurant, Laundromat, Florist Shop, Dry Cleaner, Day Care
Carport Y/NNo
CashTrue
CityHighlands
Construction MaterialsStucco
CoolingCentral Air, Window Unit(s)
CountyMonmouth
DirectionsFrom South New Jersey, Take route 36 North Towards GSP- make a right on Miller Avenue, Take a right on Bay Ave. Building is on Corner of Bay Ave and Valley St
Garage Spaces0.0
Garage Y/NNo
HeatingForced Air
Home Warranty Y/NNo
Leasable Area3200.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3920.4
MLS AreaNone
MLS Area MinorHighlands (HIG)
MobileHomeRemainsYNNo
ModificationTimestamp2025-09-12T20:23:57Z
New ConstructionNo
OwnerPaysExterior Maintenance, HVAC Maintenance, Roof Maintenance, Water, Taxes, Sewer, Insurance
Property SubtypeMixed Use
Property TypeCommercial Sale
Rent Control Y/NNo
RoofSkylights, Asphalt
Security FeaturesFire Alarm
Senior CommunityNone
SewerPublic Sewer
Standard StatusPending
StatusPending
Stories Count2
Tax Annual Amount5623.0
Tax Assessed Value386600
Tax Year2024
Utilities@Core.PermissionsNone
Water Body Access Y/NNone
Zoning DescriptionMulti-Family, Retail, Residential, Multi-Use, Mixed, Live-in Professional, Commercial, Central Business
Exterior for 196 Bay Avenue
Building Area Total3200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50 x 75
Lot FeaturesSidewalks, Corner Lot
Lot Size Acres0.09
Lot Size Area0.09
Parking FeaturesUnpaved, In Alley, On Site, Parking Lot
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Tina Torres
Broker/Owner