Mixed-Use Storefront
For Sale
Contact for pricing
205 Bay Avenue, Highlands, NJ 07732
Commercial Sale, Highlands, NJ
Property Size800 SF
Lot Size0.05 Acres
Price / SF$3.75
Days on Market47
Property Features for 205 Bay Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Retail, Professional, Live-in Professional, Commercial, Central Business
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking features
On Street
Window features
Insulated Windows
Exterior features
Display Window, Lighting, Outdoor Shower
Fencing
Fenced
Lot features
Level, Curbing, Fenced/ Enclosed Area, Fin Road, Landscaped, Sidewalks
Directions
Route 36 to Linden Ave to right onto Bay Ave
Standard status
Active
APN
19-00063-0000-00007
Size
800 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5629
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Flooring type
Wood
Building materials
Concrete, Stucco
Roof type
Flat
Listing Agency:
Preferred Properties Real Estate · Better Homes and Gardens Real Estate
Listed By:
George M Coffenberg
(732) 224-9200
Added: Aug 31
Changed: Oct 2
Last Checked: Oct 16 at 8:06AM
MLS# 22627264
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.
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Investment Insights
Based on property information with market context.
This 800-square-foot mixed-use building includes a street-facing storefront with display windows, an open interior arrangement, and a flexible upper level suited to professional or residential space. The property was built in 1923 and features renovated interiors, wood flooring, forced-air heat, central air, concrete and stucco construction, and a flat roof. A basement, bathroom, outdoor shower, fencing, and on-street parking are also included.
The building occupies a 0.05-acre site at 205 Bay Avenue in Highlands, New Jersey. Public water and sewer serve the property. Its downtown setting places the building a short distance from the Seastreak Ferry Terminal, which provides direct service to New York City, as well as area beaches and restaurants.
The building occupies a 0.05-acre site at 205 Bay Avenue in Highlands, New Jersey. Public water and sewer serve the property. Its downtown setting places the building a short distance from the Seastreak Ferry Terminal, which provides direct service to New York City, as well as area beaches and restaurants.
Key Highlights
- 800‑square‑foot mixed‑use building on a 0.05‑acre site
- Street‑level storefront with display windows
- Flexible upper level for professional or residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,000
$216.0K
Cap Rate 7%
$154,286
$154.3K
Cap Rate 9%
$120,000
$120.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$19.2K $24.00/SF
− Vacancy
−$1.9K −$2.40/SF
EGI
$17.3K $21.60/SF
− OpEx
−$6.5K −$8.10/SF
NOI
$10.8K $13.50/SF
Area
Monmouth County, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,000
Cap Rate 7%
$154,286
Cap Rate 9%
$120,000
Alternative Uses
Best Use
Office B
$174.9K
$153.0K – $204.0K
NOI $12,240 @ 7.0% cap · market cap 408.00%
Second Best
Retail
$163.1K
$142.7K – $190.3K
NOI $11,419 @ 7.0% cap · market cap 380.63%
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 487.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 07732, NJ
4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,239
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level display windows and flexible upper-floor space support retail, professional, residential, or service uses.
Where is this mixed-use property located?
The property is located at 205 Bay Avenue Highlands, NJ.
What are key features of this property?
This property features: 800‑square‑foot mixed‑use building on a 0.05‑acre site; Street‑level storefront with display windows; Flexible upper level for professional or residential space
