196 Bay Avenue Highlands, NJ 07732
3,200 SqFt
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 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
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
