NJ > Highlands
Highlands, NJ 07732,196 Bay Avenue
Highlands, NJ 07732,196 Bay Avenue
Highlands, NJ 07732,196 Bay Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
19
Dec
Sat
20
Dec
Sun
21
Dec
Graceann Tinney

Graceann Tinney

+1(267) 373-8244
$750,000
Est. payment /mo
3,200 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $234

Municipality Highlands (HIG)

MLS Listing ID 22525465

Annual Tax Amount $5,623

Tax Year 2024

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!

Location

State NJ

County Monmouth

Area None

Direction From South New Jersey, Take route 36 North Towards GSP- make a right on Miller Avenue, Take a right on Bay Ave. Building is on Corner of Bay Ave and Valley St

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

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

GET MORE INFORMATION

Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Graceann Tinney Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

196 Bay Avenue

QUICK SEARCH
There are 45 quick searches