Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$750,000 Just Listed

  • For Sale
  • Active
  • Retail
See This Home
Save This Home
See This Home
Save This Home
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*

Full Property Details for 196 Bay Ave

General

  • Price: $750,000
  • Status: Active
  • Type: Retail
  • Source: Monmouth
  • MLS ID: 22601004
  • Updated: 1/12/2026
  • Added to Site: 4 day(s) ago

Business

  • Business Type: Retail, Barber/Salon, Bakeries/Shop, Apartments, Other

Interior

  • Interior Features: Handicapped, Refrigeration
  • Flooring: Linoleum, Concrete

Additional Information

  • Security/Safety: Fire Alarm

Parking

  • Total Spaces: 6
  • Parking Features: Unpaved, In Alley, On-Site Parking, Parking Lot

Location

  • Area: Highlands (HIG)
  • Municipality: Highlands (HIG)
  • County: Monmouth
  • Location Details: Business District, Commercial District, Historic District, Near Bus Stop, Residential District

Community

  • Management Type: Owner Association

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning, Window Unit(s)
  • Heating Type: Forced Air

Utilities

  • Gas: On Site
  • Dist. to Gas: On Site
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Exterior Const.: Stucco
  • Roof: Skylights, Asphalt
  • Square Feet: 3,200
  • Current Bldg. Use: Apartments, Bakeries/Shop, Barber/Salon, Bar/Tavern/Lounge, Convenience Store, Day Care, Deli/Catering, Dry Cleaner, Floist Shop, Laundromat, Other, Professional Service, Professional/Office, Restaurant, Retail
  • Minimum Avail: 3,200 Sq. Ft.

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920.4
  • Lot Dimensions: 50 x 75
  • Lot Features: Sidewalks, Corner Lot
  • Zoning: Central Business, Commercial, Live-In Professional, Mixed, Multifamily, Multi-Use, Residential, Retail

Financial Considerations

  • Price Per Sq. Ft.: $234.38
  • For Lease: Yes
  • Lease Price: $3,000
  • Assessment Amount: $150,300
  • Owner Pays: Exterior Maintenance, HVAC Maintenance, Roof Maintenance, Water, Taxes, Sewer, Insurance
  • Landlord Pays: Insurance, Sewer, Taxes, Water

Disclosures and Reports

  • Documents Avail.: Financial Statement, Lease
  • Property ID: 19-00064-0000-00001
  • Section: None

Listed by O'Brien Realty, LLC, Stephen Candelino

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 196 Bay Ave —

  • Stephen Candelino

    O'Brien Realty, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 196 Bay Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Listed
$750,000
341.18%
MLS
4/10/2019
Sold
$170,000
—
Public Record
Get Price Alerts and Save Property
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 for 196 Bay Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,623
3%
$386,600
36%
2023
$5,452
—
$284,000
4%
2022
$5,475
-10%
$271,800
7%
2021
$6,073
—
$254,300
4%
2020
$6,081
-11%
$244,800
—
2019
$6,802
—
$244,800
5%
2019
$6,802
-15%
$233,100
-15%
2018
$7,967
-1%
$273,600
—
2017
$8,025
2%
$273,600
—
2016
$7,858
-1%
$273,600
—
2015
$7,918
26%
$273,600
18%
2014
$6,260
-75%
$232,000
—
2013
$24,810
—
$232,000
—
View All
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 for 196 Bay Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by O'Brien Realty, LLC, Stephen Candelino

Similar Properties near 196 Bay Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

96 First Ave, Atlantic Highlands, NJ 07716 - Photo 1
$799,900

96 First Ave  Atlantic Highlands, NJ 07716

  • Retail
  • Active
Listed by Kalian Real Estate , LLC, Casey Gesuelli

Just Listed near 196 Bay Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

934 Navesink River Rd, Rumson, NJ 07760 - Photo 1 Just Listed
$7,999,999

934 Navesink River Rd  Rumson, NJ 07760

  • Single Family
  • Active
  • Updated 6 days ago
  • 6
    Beds
  • 8
    Total Baths
  • 8,865
    Sq. Ft.
Listed by O'Brien Realty, LLC, Kerrin O'Brien and O'Brien Realty, LLC, Sharon Hawthorn
1 2nd St, Rumson, NJ 07760 - Photo 1 Price Reduced
-$699,000 (-11.65%)
$5,300,000
Open House

1 2nd St  Rumson, NJ 07760

  • Single Family
  • Active
  • Updated 2 days ago
  • 7
    Beds
  • 8
    Total Baths
  • 6,133
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices Fox & Roach - Rumson, Mario Venancio
139 Monmouth Ave, Atlantic Highlands, NJ 07716 - Photo 1 Just Listed
$935,000
Open House

139 Monmouth Ave  Atlantic Highlands, NJ 07716

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,504
    Sq. Ft.
Listed by Keller Williams Avon Realty, Richard Covey
1184 Ocean Ave, Sea Bright, NJ 07760 - Photo 1 Just Listed
$1,200,000

1184 Ocean Ave  #A3  Sea Bright, NJ 07760

  • Townhouse
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,792
    Sq. Ft.
Listed by Real Broker, LLC- Point P, Johnny Guan

Price Reduced near 196 Bay Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1 2nd St, Rumson, NJ 07760 - Photo 1 Price Reduced
-$699,000 (-11.65%)
$5,300,000
Open House

1 2nd St  Rumson, NJ 07760

  • Single Family
  • Active
  • Updated 2 days ago
  • 7
    Beds
  • 8
    Total Baths
  • 6,133
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices Fox & Roach - Rumson, Mario Venancio
28 Florence Ave, Leonardo, NJ 07737 - Photo 1 Price Reduced
-$4,991 (-0.78%)
$634,999
Open House

28 Florence Ave  Leonardo, NJ 07737

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 1,820
    Sq. Ft.
Listed by The Alan Kurlander Group (732) 462-4242
12 W Front St, Red Bank, NJ 07701 - Photo 1 Price Reduced
-$26,000 (-2.97%)
$849,000

12 W Front St  Red Bank, NJ 07701

  • Retail
  • Active
Listed by Bahrs Real Estate, LLC, Marlene Harper
67 Victoria Pl, Red Bank, NJ 07701 - Photo 1 Price Reduced
-$50,000 (-6.67%)
$699,999

67 Victoria Pl  Red Bank, NJ 07701

  • Single Family
  • Active
  • Updated 12 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,292
    Sq. Ft.
Listed by Corcoran Baer & McIntosh, Matthew Taetsch

Recent Sales near 196 Bay Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

137 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
$650,000

137 Marina Bay Ct  Highlands, NJ 07732

  • Townhouse
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 1,896
    Sq. Ft.
Listed by Heritage House Sotheby's International Realty, Ghazzaleh Khosravi-Sichani
Sold by Heritage House Sotheby's International Realty, Trisha Kilgour
134 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
$695,000

134 Marina Bay Ct  Highlands, NJ 07732

  • Townhouse
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 1,920
    Sq. Ft.
Listed by Heritage House Sotheby's International Realty, Corinne Thygeson
Sold by Jason Mitchell Real Estate New Jersey, Thomas Bishop
118 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
$761,500

118 Marina Bay Ct  Highlands, NJ 07732

  • Townhouse
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,022
    Sq. Ft.
Listed by Resources Real Estate, Judith Horan
Sold by O'Brien Realty, LLC, Edward McCarthy
114 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
$700,000

114 Marina Bay Ct  Highlands, NJ 07732

  • Townhouse
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 1,944
    Sq. Ft.
Listed by EXP Realty, Christopher Walsh
Sold by Resources Real Estate, Judith Horan

196 Bay Avenue, Highlands, NJ 07732 (MLS# 22601004) is a Retail property. 196 Bay Avenue is currently listed for $750,000 and was received on January 12, 2026. Want to learn more about 196 Bay Avenue? Do you have questions about finding other Retail real estate for sale in Highlands? You can browse all Highlands real estate or contact a Coldwell Banker agent to request more information.

Tour this property