196 Bay Avenue
Highlands, NJ 07732
Sale Details
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.
Features & Zoning
Business Type
Other, Retail, Day Care, Apartments, Laundromat, Restaurant, Dry Cleaner, Barber/Salon, Florist Shop, Bakeries/Shop, Deli/Catering, Bar/Tavern/Lounge, Convenience Store, Professional/Office, Professional Service
Zoning Description
Multi-Family, Retail, Residential, Multi-Use, Mixed, Live-in Professional, Commercial, Central Business
Listing Courtesy Of
Stephen Candelino at O'Brien Realty, LLC
Sold By
Christele Terranova-Beam at Coldwell Banker Realty