Property
Highlands, NJ 07732 196 Bay Avenue
$750,000
Pending
23 more
Presented By: Stephen Candelino, O'Brien Realty, LLC
SQFT • 3,200
SQFT • 3,200Home 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
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
YOLANDA CASSIDY-BOGAN
Associate