Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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

    Nearby Similar for Sale

    • $1,358,000
      0.22 Acres

      Three Homes in One Lot

      Three homes in one lot near Sandy Hook Beach.
      115 Navesink Ave, Highlands, NJ 07732
      View Details
    • $1,358,000
      0.22 Acres

      Three Homes in One Lot

      Three homes in one lot near Sandy Hook Beach.
      115 Navesink Ave, Highlands, NJ 07732
      View Details
    • $359,000
      893 SF

      Move-In Ready Condo with Amenities

      One-bedroom condo with balcony, amenities, and convenient location.
      1 Scenic Dr, Highlands, NJ 07732
      View Details
    • $995,000

      Turn Key Distribution Center

      Distribution center in commercial district, currently liquor wholesale.
      1 Private Rd, Highlands, NJ 00000
      View Details

    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.
    (732) 229-3532
    Request Owner's contact information
    196 Bay Ave, Unit Highlands Highlands, NJ 07732
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    196 Bay Ave, Unit Highlands
    Highlands, NJ 07732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    196 Bay Ave, Unit Highlands Highlands, NJ 07732
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.