NJ > Highlands
Highlands, NJ 07732,196 Bay Avenue
Highlands, NJ 07732,196 Bay Avenue
Highlands, NJ 07732,196 Bay Avenue
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$750,000
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3,200 SqFt
New

196 Bay Avenue Highlands, NJ 07732

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $234

Municipality Highlands (HIG)

MLS Listing ID 22601004

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 50 x 75

Property Sub-Type Mixed Use

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

Located in the heart of Highlands, this versatile mixed-use property offers exceptional visibility and multiple income streams. The first floor provides flexible space ideal for retail, office, or restaurant use, while the second floor features a spacious 1,500 sq. ft. apartment with 4 bedrooms.

Situated in a newly re-zoned district that allows for additional building height, the property presents a rare value-add opportunity. Investors can enhance returns by dividing the existing apartment into two 2-bedroom units and adding another story with two additional 2-bedroom apartments.

With rental demand in Highlands remaining strong thanks to proximity to the Sea Streak Ferry and the Jersey Shore, 2-bedroom units consistently average $2,500+ per month. This combination of development potential and its prime location makes this property a standout opportunity in one of Monmouth County's most sought-after communities!

*BACK ON MARKET DUE TO BUYERS FAILURE TO OBTAIN LOAN*

Location

State NJ

County Monmouth

Area None

Direction Located on corner of Bay Avenue and Valley in Highlands- use GPS for most accurate directions

Rooms

Basement Slab

Interior

Interior Features Handicapped, Refrigeration

Heating Forced Air

Cooling Central Air, Window Unit(s)

Flooring Linoleum, Concrete

Exterior

Parking Features Unpaved, In Alley, On Site, Parking Lot

Roof Type Skylights,Asphalt

Private Pool No

Building

Lot Description Sidewalks, Corner Lot

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 19-00064-0000-00001

Monmouth Ocean MLS (MOMLS)
Listed by O'Brien Realty, LLC

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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