196 Bay Avenue Highlands, NJ 07732
Mixed Use
MLS #: 22525465
Courtesy Of O'Brien Realty
Property InformationDescription
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!
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!
Features
- Amenities: Disabled Access
- Architecture Style: Other
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Central Air
- Exterior Type: Stucco
- Floor Covering: Linoleum
- Floor Covering: Concrete
- Floors: 2
- Heating System: Forced Air
- MLSID: 22525465
- Parking Spaces: 6
- Roof Type: Asphalt
MAP & DIRECTIONS
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