196 Bay Avenue, Highlands, NJ 07732
sale
$750,000
|
Other
Courtesy Of O'Brien Realty
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*
Read More About This Property
Read Less About This Property
Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Amenities: Disabled Access
- Cooling System: Window Unit(s)
- Cooling System: Central Air
- Exterior Type: Stucco
- Floor Covering: Linoleum
- Floor Covering: Concrete
- Floors: 2
- Heating System: Forced Air
- MLSID: 22601004
- Parking Spaces: 6
- Roof Type: Asphalt
- Rooms: Basement
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
