Two-Tenant Mixed-Use
2907 Bridge Avenue, Point Pleasant, NJ 08742
For Sale
$874,900
Commercial Sale, Point Pleasant, NJ
Property Size2,240 SF
Lot Size0.23 Acres
Price / SF$390.58
Days on Market49
Property Features for 2907 Bridge Avenue
General Information
Property type
Property subtype
Zoning description
Rooms
Parking features
Exterior features
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Site & Location
Corner Location
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer
Building Details
Year built
Floors in Building
Listing Agency:
Interstate Home Properties
Listed By:
Ryan Brown
(347) 393-9790
Added: Sep 25
Changed: Oct 28
Last Checked: Nov 12 at 10:06AM
MLS# 22630410
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 2,240-square-foot mixed-use property contains two tenant spaces across two levels. The ground-floor salon has a retail area, wax room, and bathroom; the second-floor apartment includes two bedrooms, two bathrooms, an eat-in kitchen, living room, and washer and dryer. The salon space is renovated, and the building has a display window. The property was built in 2000 and sits on a 0.23-acre corner lot.
An 11-space parking lot includes two dedicated spaces for the upstairs tenants. A drive-through lane provides an exit onto Northstream Parkway. Public water and public sewer serve the property.
An 11-space parking lot includes two dedicated spaces for the upstairs tenants. A drive-through lane provides an exit onto Northstream Parkway. Public water and public sewer serve the property.
Key Highlights
- 2,240 square feet across two tenant spaces
- Renovated ground‑floor salon with retail area, wax room, and bathroom
- Second‑floor apartment with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,972
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,440
$639.4K
Cap Rate 7%
$456,743
$456.7K
Cap Rate 9%
$355,244
$355.2K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$48.4K $21.60/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$45.7K $20.39/SF
− OpEx
−$13.7K −$6.12/SF
NOI
$32.0K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,440
Cap Rate 7%
$456,743
Cap Rate 9%
$355,244
Alternative Uses
Best Use
Retail
$456.7K
$399.7K – $532.9K
NOI $31,972 @ 7.0% cap · market cap 3.65%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 33%
Dining 22%
Electronics 1%
Stop & Shop
Groceries
36,023 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,653 visits/mo
0.3 miles
Spirits Unlimited
Groceries
10,626 visits/mo
0.3 miles
Wendy's
Dining
9,654 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,630 visits/mo
0.4 miles
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
$576,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ
Properties on Market for Mixed-use properties in Ocean County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated ground-floor salon occupies the same building as an upstairs two-bedroom apartment.
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 square feet across two tenant spaces; Renovated ground‑floor salon with retail area, wax room, and bathroom; Second‑floor apartment with 2 bedrooms and 2 bathrooms
