Renovated Mixed-Use
For Sale
Contact for pricing
205 Bay Avenue 1, Highlands, NJ 07732
Flexible upper-level space supports professional or residential use above a street-level storefront.
Property Size800 SF
Days on Market50
Property Features for 205 Bay Avenue 1
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,629
Building Details
Building Size
800 SF
Year Built
1923
Buildings
1
Listing Agency:
Preferred Properties Real Estate
Listed By:
George M Coffenberg
(732) 224-9200
Source:
Sackmanrealty
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 16 at 4:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Preferred Properties Real Estate
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Investment Insights
Based on property information with market context.
This 1923 mixed-use building combines a street-level storefront with a renovated interior and an adaptable upper floor. The open storefront layout is suited to retail, café, gallery, or service-oriented use, while the upper level provides a flexible plan for professional or residential occupancy, including artist loft use.
The property is located at 205 Bay Avenue in downtown Highlands, with the Seastreak Ferry Terminal nearby and direct service to New York City. Area beaches and restaurants are also within short distance, adding established recreational and dining destinations to the surrounding setting.
The property is located at 205 Bay Avenue in downtown Highlands, with the Seastreak Ferry Terminal nearby and direct service to New York City. Area beaches and restaurants are also within short distance, adding established recreational and dining destinations to the surrounding setting.
Key Highlights
- 1923 mixed‑use building with renovated interior
- Street‑level storefront with open, adaptable layout
- Upper level supports professional or residential use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible upper-level space supports professional or residential use above a street-level storefront.
Where is this mixed-use property located?
The property is located at 205 Bay Avenue 1 Highlands, NJ.
What are key features of this property?
This property features: 1923 mixed‑use building with renovated interior; Street‑level storefront with open, adaptable layout; Upper level supports professional or residential use
