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Waterfront Mixed-Use Property
New
For Sale
$5,900,000

70 Shrewsbury Ave, Highlands, NJ 07732

The property combines several residences with a multi-car garage currently used for automotive performance maintenance.

Property SizeContact for details
Days on Market2

Property Features for 70 Shrewsbury Ave

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 4

Amenities

dock

Building Details

Units 1
Listing Agency: Bahrs Real Estate, LLC
Listed By: Craig Bahrs
Source: Elliman
Added: Oct 16 Last Checked: Oct 16 at 1:59PM

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 Bahrs Real Estate, LLC

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Investment Insights

Based on property information with market context.

This waterfront property includes a main residence with three bedrooms and 2 1/2 bathrooms, a second single-family home, and a duplex. A separate multi-car garage is currently used for automotive performance maintenance and may offer additional configuration options.

A 100-foot-deep dock serves the property, with views described across the ocean and New York skyline. The address is 70 Shrewsbury Ave in Highlands, New Jersey.

Key Highlights

  • Three‑bedroom, 2 1/2‑bath main residence
  • Additional single‑family home and duplex on the property
  • 100‑foot‑deep waterfront dock

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

332
Businesses Nearby

Demographics for 07732, NJ

4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,239
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines several residences with a multi-car garage currently used for automotive performance maintenance.
Where is this mixed-use property located?
The property is located at 70 Shrewsbury Ave Highlands, NJ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Three‑bedroom, 2 1/2‑bath main residence; Additional single‑family home and duplex on the property; 100‑foot‑deep waterfront dock
More about this property
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