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196 Bay Ave, Unit Highlands Highlands, NJ 07732

For Sale
$750,000

Versatile property with retail space and residential income potential.

Property size:
3,200 SF
Lot size:
0.09 Acres

Property Features for 196 Bay Ave

General Information

Size
3,200 SF
Lot size
0.09 Acres

Source: O'BRIEN REALTY, LLC Agent STEPHEN CANDELINO

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property in Highlands

Located in Highlands, this mixed-use property offers visibility and income streams. The first floor provides flexible space suitable for retail, office, or restaurant use. The second floor features a 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 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. Rental demand in Highlands remains strong due to proximity to the Sea Streak Ferry and the Jersey Shore, with 2-bedroom units averaging $2,500+ per month. The property size is 3,200 sq. ft.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Highlands
County
Monmouth
State
New Jersey
Longitude
-73.9879571
Latitude
40.4023559

FAQs

What type of property is this?
Mixed-use property - Versatile property with retail space and residential income potential.
Where is this mixed-use property located?
The property is located at 196 Bay Ave, Unit Highlands Highlands, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: - Prime location in the heart of Highlands, near the Sea Streak Ferry and Jersey Shore.; - Versatile mixed-use property with retail/office/restaurant space on the first floor and a 4-bedroom apartment on the second floor.; - Value-add opportunity to increase income by dividing the existing apartment into two 2-bedroom units.
More about this property
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