Multi-Use Building in Point
For Sale
$1,599,900
517-521 Bay Avenue, Point Pleasant Beach, NJ 08742
Multi-use building in vibrant downtown Point Pleasant Beach.
Property Size3,229 SF
Lot Size0.12 Acres
Price / SF$495.48
Days on Market172
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
Changed: Jul 10
Last Checked: Aug 5 at 6:34AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 18%
Home Improvements & Furnishings 4%
Sunoco
Shops & Services
6,741 visits/mo
0.5 miles
Dollar General
Shops & Services
5,460 visits/mo
0.2 miles
Jersey Mike's Subs
Dining
4,023 visits/mo
0.2 miles
TD Bank
Shops & Services
3,959 visits/mo
0.4 miles
Avis Budget Car Rental
Shops & Services
1,125 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
