Mixed-Use Retail and Office
205 Bay Avenue Highlands, NJ 07732
For Sale
$850,000
COMMERCIAL - Highlands, NJ
Property Size1,600 SF
Price / SF$531.25
Days on Market149
Property Features for 205 Bay Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street
Window features
Insulated Windows
Exterior features
Display Window, Lighting
Fencing
Fenced
Standard status
Active
APN
1
Size
1,600 SF
Taxes and HOA fees
Tax Year
2026
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
Stucco
Roof type
Flat
Listing Agency:
Preferred Properties Real Estate
(732) 224-9200
Listed By:
George M Coffenberg
(732) 224-9200
Added: Mar 1
Changed: Jun 11
Last Checked: Jul 28 at 1:06PM
MLS# 22605082
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 mixed-use building features a street-level storefront and an open, flexible layout on the main level, suited for a boutique retail, café, gallery, or service business. The interior has been renovated on both levels, with a configuration designed to accommodate a range of tenant or operator needs.
Located in the heart of downtown Highlands, the property benefits from proximity to the Seastreak Ferry Terminal, which provides direct service to NYC, along with nearby beaches and restaurants. The setting supports businesses that draw local and visitor traffic.
The upper level offers a flexible floor plan for professional use or residential space, and the building has been positioned as a potential artist loft. For buyers considering owner-occupancy, the retail storefront and adaptable second level create a practical live/work or multi-use concept, while the overall layout supports straightforward tenanting arrangements within one building.
Located in the heart of downtown Highlands, the property benefits from proximity to the Seastreak Ferry Terminal, which provides direct service to NYC, along with nearby beaches and restaurants. The setting supports businesses that draw local and visitor traffic.
The upper level offers a flexible floor plan for professional use or residential space, and the building has been positioned as a potential artist loft. For buyers considering owner-occupancy, the retail storefront and adaptable second level create a practical live/work or multi-use concept, while the overall layout supports straightforward tenanting arrangements within one building.
Key Highlights
- Prime downtown Highlands location with high visibility storefront.
- Mixed‑use building suitable for investors or owner‑operators.
- Renovated interior with luxury finishes on both levels.
Financial Insights For Office B
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 | $48.0k | $30.00 |
| − Vacancy | −$15.4k | −$9.60 |
| EGI | $32.6k | $20.40 |
| − OpEx | −$8.2k | −$5.10 |
| NOI | $24.5k | $15.30 |
1,600 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$326.2K
$285.5K – $380.6K
NOI $22,837 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown mixed-use building with a street-level storefront and a flexible second level for professional or residential use.
Where is this mixed-use property located?
The property is located at 205 Bay Avenue Highlands, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime downtown Highlands location with **high visibility storefront**.; Mixed‑use building suitable for investors or owner‑operators.; **Renovated interior with luxury finishes on both levels**.
