Mixed-Use Property with
2907 Bridge Avenue, Point Pleasant, NJ 08742
For Sale
$874,900
Commercial, Multi-Use zoning supports the property's salon and upstairs residential configuration.
Property Size2,240 SF
Price / SF$390.58
Days on Market44
Property Features for 2907 Bridge Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Display Window
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Interstate Home Properties
Listed By:
Ryan Brown · License #10491208949
(347) 393-9790
Source:
Delvirginiarealtors
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 7 at 1:15PM
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 Interstate Home Properties
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Investment Insights
Based on property information with market context.
At 2907 Bridge Avenue, this 2,240-square-foot mixed-use property combines a ground-floor salon with a second-level apartment. The salon includes a wax room, retail area, and bathroom. Above it, the two-bedroom, two-bathroom apartment has an eat-in kitchen, living room, and washer/dryer. The property was built in 2000 and is zoned Commercial, Multi-Use.
The corner-lot property has an 11-space parking area, including two spaces designated for the upstairs tenant. A drive-through lane provides an exit onto Northstream Parkway.
The corner-lot property has an 11-space parking area, including two spaces designated for the upstairs tenant. A drive-through lane provides an exit onto Northstream Parkway.
Key Highlights
- 2,240 SF mixed‑use property with salon and upstairs apartment
- Ground‑floor salon includes a wax room, retail area, and bathroom
- Second‑level apartment has 2 bedrooms, 2 bathrooms, an eat‑in kitchen, living room, and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,447
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,940
$688.9K
Cap Rate 7%
$492,100
$492.1K
Cap Rate 9%
$382,744
$382.7K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$67.2K $30.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$62.6K $27.96/SF
− OpEx
−$28.2K −$12.58/SF
NOI
$34.4K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,940
Cap Rate 7%
$492,100
Cap Rate 9%
$382,744
Alternative Uses
Best Use
Apartment 5plus
$492.1K
$430.6K – $574.1K
NOI $34,447 @ 7.0% cap · market cap 3.94%
Second Best
Mixed Use
$369.6K
$323.4K – $431.2K
NOI $25,872 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,944 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 08742, NJ
25,056
Population
12,604
Households
2
Avg Household Size
46
Median Age
52%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
4,474
Density / Sq Mi
$111,983
Median Household Income
$57,547
Median Earnings
$1,879
Median Rent
$576,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ
Properties on Market for Mixed-use properties in Ocean County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial, Multi-Use zoning supports the property's salon and upstairs residential configuration.
Where is this mixed-use property located?
The property is located at 2907 Bridge Avenue Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: 2,240 SF mixed‑use property with salon and upstairs apartment; Ground‑floor salon includes a wax room, retail area, and bathroom; Second‑level apartment has 2 bedrooms, 2 bathrooms, an eat‑in kitchen, living room, and washer/dryer
