Multi-Use Building in Point
517-521 Bay Avenue Point Pleasant Beach, NJ 08742
517-521 Bay Avenue, Point Pleasant Beach, NJ, 08742
$1,599,900
For Sale
$1,599,900
Multi-use building in vibrant downtown Point Pleasant Beach.
Property Size3,229 SF
Lot Size0.12 Acres
Price / SF$495.48
Days on Market157
Property Features for 517-521 Bay Avenue
General Information
- Standard status
- Active
- Size
- 3,229 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX BAY POINT REALTORS
(732) 899-8202
Listed by
JAMES HANNAM · License #4217851
Source
Corcoran
Added: Feb 14 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 3:52 am
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 RE/MAX BAY POINT REALTORS
Investment Insights
Based on property information with market context.
This multi-use building is located in downtown Point Pleasant Beach, offering a retail space with over 1000 square feet. The property also includes a second-floor apartment with 2 bedrooms and 1 bathroom, featuring walk-up access to a large attic space. Additionally, there is a two-level apartment at the rear of the building, complete with 2 bedrooms, 1 bathroom, and an inviting front porch. Tenant parking is available at the rear of the property, with additional parking options in nearby public lots. The building is situated in a vibrant year-round destination, known for its diverse mix of restaurants, shops, and antique centers. Its location provides convenient access to Route 35, the train station, and the boardwalk. The property is zoned General Commercial and has a total size of 3229 square feet.
Key Highlights
- Multi‑use building in downtown Point Pleasant Beach
- Features a retail space with over 1000 SF
- Includes two apartments: a 2‑bedroom, 1‑bathroom unit with attic access, and a 2‑level, 2‑bedroom, 1‑bathroom unit with a front porch
Local Financial Insights For Retail
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 | $69.7k | $21.60 |
| − Vacancy | −$3.9k | −$1.21 |
| EGI | $65.8k | $20.39 |
| − OpEx | −$19.8k | −$6.12 |
| NOI | $46.1k | $14.27 |
3,229 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$658.4K
$576.1K – $768.1K
NOI $46,088 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$532.8K
$466.2K – $621.6K
NOI $37,295 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$843.2K
$737.8K – $983.7K
NOI $59,021 @ 7.0% cap · market cap 3.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use building in vibrant downtown Point Pleasant Beach.
Where is this mixed-use property located?
The property is located at 517-521 Bay Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Multi‑use building in downtown Point Pleasant Beach; Features a retail space with over 1000 SF; Includes two apartments: a 2‑bedroom, 1‑bathroom unit with attic access, and a 2‑level, 2‑bedroom, 1‑bathroom unit with a front porch
