USANJHighlands196 Bay Ave
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$750,000

Sold

4 months ago

196 Bay Ave, Highlands, NJ

House

MLS® 22601004

Buyer represented by Christele Terranova-Beam of Coldwell Banker Realty

0 Bed

0 Bath

--

6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Lot Size 
Approx. Age 
MLS® Number 22601004

Property Address: 196 Bay Ave, Highlands, NJ, 07732-1639

Average square foot calculated using Size range provided by listing agent.

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. 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*
MLS® Number22601004
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementSlab
DrivewayUnpaved, In Alley, On Site, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jan 28, 2026End Date
$687,600Sold Price

Sold

Jan 12, 2026List Date
$750,000List Price
-End Date
Not Sold YetSold Price

For Rent

Apr 28, 2026List Date
$2,750List Price
  • Commute

Commute

Starting Address
Destination Address
196 Bay Ave, Highlands, NJ

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