Multi-Use Building in Point
517-521 Bay Avenue Point Pleasant Beach, NJ 08742
517-521 Bay Avenue, Point Pleasant Beach, NJ, 08742
$1,599,900
For Sale
$1,599,900
COMMERCIAL - Point Pleasant Beach, NJ
Property Size3,229 SF
Lot Size0.12 Acres
Price / SF$495.48
Days on Market159
Property Features for 517-521 Bay Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Off Street
- Basement
- Partial
- Standard status
- Active
- APN
- 26-00091-01-00026
- Size
- 3,229 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7775
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
Listing Agency
RE/MAX Bay Point Realtors
(732) 899-8202
526 Bay Avenue, Point Pleasant Beach, NJ
Listed by
James Hannam · License #4217851
(732) 899-8202
Added: Feb 12 Updated: Jun 10 at 2:38 pm Checked: Jul 21 at 5:06 am
MLS# 22603980
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-use building is located in downtown Point Pleasant Beach. The property features a retail space with over 1000 square feet. Additionally, there is a second-floor apartment with 2 bedrooms and 1 bathroom, including walk-up access to a large attic space. A second 2-bedroom, 1-bathroom apartment is situated at the rear of the building and features two levels with a front porch. Tenant parking is available at the rear of the property, with additional parking in nearby public lots. Downtown Point Pleasant Beach is a year-round destination with restaurants, shops, and antique centers. The property is located near Route 35, the train station, and the boardwalk. It is zoned General Commercial. The building size is 3229 square feet and the lot size is 0.12 acres.
Key Highlights
- Multi‑use downtown Point Pleasant Beach building with retail space over 1,000 SF
- Second‑floor 2‑bedroom, 1‑bath apartment with walk‑up access to a large attic space
- Additional 2‑bedroom, 1‑bath apartment in the rear of the building
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.7k | $21.60 |
| − Vacancy | −$3.9k | −$1.21 |
| EGI | $65.8k | $20.39 |
| − OpEx | −$19.8k | −$6.12 |
| NOI | $46.1k | $14.27 |
3,229 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$658.4K
$576.1K – $768.1K
NOI $46,088 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$532.8K
$466.2K – $621.6K
NOI $37,295 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$843.2K
$737.8K – $983.7K
NOI $59,021 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use building in vibrant downtown Point Pleasant Beach.
Where is this mixed-use property located?
The property is located at 517-521 Bay Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Multi‑use downtown Point Pleasant Beach building with retail space over 1,000 SF; Second‑floor 2‑bedroom, 1‑bath apartment with walk‑up access to a large attic space; Additional 2‑bedroom, 1‑bath apartment in the rear of the building
