196 Bay Ave - Retail FOR SALE


Highlands, NJ 07732
$750,000 USD
732-997-9609
196 Bay Ave, Highlands, NJ for Sale
$750,000 USD
Retail - FOR SALE
1/21
null | 9.33% Cap Rate

196 Bay Ave
Highlands, NJ 07732


HIGHLIGHTS

  • Downtown Corner Location
  • First Floor - Retail / Office / Restaurant Use
  • Second Floor - 4 BR Apartment

OVERVIEW

Downtown Highlands mixed use. First floor retail/office/restaurant use. 2nd Floor - 1500 sq ft 4 BR apartment. High visibility location in recently re-zoned area that allows for additional building height to be added. Value-add would be to divide existing apartment into two 2 BR units and add an additional story with two more 2 BR apartments. Highlands rents are high and stable due to the proximity to the Sea Streak Ferry and the ocean with 2 BR's averaging over $2500 per month.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

9.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Central Business District

APN/PARCEL ID

19-00064-0000-00001

ASK ABOUT THIS PROPERTY

Joseph NardoneHighlands Retail SpaceMore Info
732-997-9609

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Joseph NardoneHighlands Retail SpaceMore Info
732-997-9609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.