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(908) 208-2699
The Barba Group@Keller Williams West Monmouth
196 Bay Avenue, Highlands, NJ 07732
- $687,600
- Sold Price
- $687,600
- List Price
- $750,000
- Status
- CLOSED
- Type
- Commercial
- MLS#
- 22601004
- Closing Date
- Feb 25, 2026
- Region
- Highlands (HIG)
Property 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*
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Additional Information
- Acres
- 0.09
- Zoning
- Retail, Central Business, Commercial, Live-in Professional, Mixed, Multi-Use, Residential, Multi-Family
- Closing Date
- Feb 25, 2026
- Subtype
- Mixed Use
- Lot Description
- Corner Lot, Sidewalks
- Basement
- Slab
- Roof
- Skylights, Asphalt
- Heat Ac
- Forced Air
- Parking Driveway
- In Alley, On Site, Parking Lot
- Interior
- Handicapped, Refrigeration
- Stories
- 2
- Electric
- 60 - 100 AMP
- Parking Spaces
- 6
- Parking Spaces
- 6
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Listing courtesy of O'Brien Realty, LLC. Contact:
Selling Office: Coldwell Banker Realty.