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$799,000 Just Listed
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Property Description
Located in the desirable Highlands redevelopment zone, this unique mixed-use property presents an exceptional investment opportunity. The property features commercial space in the front and an attached two-bedroom residential unit in the rear, offering flexibility for both investors and owner-occupants. With a potentially subdividable rear lot, the possibilities for future development are significant. Discover why so many buyers and investors are choosing the Highlands as one of the area's most exciting emerging markets.
Full Property Details
Full Property Details for 111 Bay Ave
General
- Price: $799,000
- Taxes: $6,920 (2025)
- Status: Active
- Type: Commercial Service
- Source: Monmouth
- MLS ID: 22615652
- Updated: 5/27/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Other, Restaurant
Interior
- Flooring: Vinyl Plank, Wood
Exterior
- Exterior Features: Lighting
Parking
- Parking Features: On-Street
Location
- Area: Highlands (HIG)
- Municipality: Highlands (HIG)
- County: Monmouth
- Location Details: Business District
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Baseboard
Utilities
- Gas: At Street
- Dist. to Gas: At Street
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Clapboard
- Roof: Other
- Current Bldg. Use: Other, Restaurant
Lot Features
- Lot Features: Level
- Zoning: Commercial, Mixed, Multi-Use
Financial Considerations
- Tax Amount: $6,920
- Tax Year: 2025
- Owner Pays: Taxes, Sewer, Insurance
- Landlord Pays: Insurance, Sewer, Taxes
Disclosures and Reports
- Property ID: 19-00046-0000-00002
- Section: None
Listed by Resources Real Estate, Ryan Britton
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Price & Sales History for 111 Bay Ave
Date
Details
Price
Change
Source
5/27/2026
Listed
$799,000
259.1%
MLS
1/29/2014
Sold
$222,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 111 Bay Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,304
4%
$404,700
51%
2023
$5,113
1%
$267,900
5%
2022
$5,085
-9%
$254,900
8%
2021
$5,610
—
$236,200
4%
2021
$5,610
-25%
$226,100
-13%
2018
$7,528
-1%
$258,500
—
2017
$7,582
2%
$258,500
—
2016
$7,424
18%
$258,500
20%
2019
$6,282
-16%
$215,300
-17%
2015
$7,481
24%
$258,500
15%
2014
$6,046
4%
$224,100
—
2013
$5,813
—
$224,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 111 Bay Ave
111 Bay Avenue, Highlands, NJ 07732 (MLS# 22615652) is a Commercial Service property. 111 Bay Avenue is currently listed for $799,000 and was received on May 27, 2026. Want to learn more about 111 Bay Avenue? Do you have questions about finding other Commercial Service real estate for sale in Highlands? You can browse all Highlands real estate or contact a Coldwell Banker agent to request more information.

