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$687,600

  • Sold
  • Closed
  • Retail
See This Home
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See This Home
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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

  • Sold For: $687,600
  • Status: Closed
  • Type: Retail
  • Source: Monmouth
  • MLS ID: 22601004
  • Added to Site: 49 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

Meet the selling agent

Meet the selling agent
— 196 Bay Ave —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 196 Bay Ave

School Districts:Highlands Borough School District, Henry Hudson Regional School District
NameGradesDistance
Highlands School
360 Navesink Avenue, Highlands, NJ 07732
PK-60.5 mi
Henry Hudson Reg School
1 Grand Tour, Highlands, NJ 07732
7-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 196 Bay Ave

Date
Details
Price
Change
Source
2/25/2026
Sold
$687,600
-8.32%
MLS
1/12/2026
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 196 Bay Ave

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121 Black Point Rd, Rumson, NJ 07760 - Photo 1 Just Listed
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121 Black Point Rd  Rumson, NJ 07760

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21 Lincoln Ave, Rumson, NJ 07760 - Photo 1 Just Listed
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21 Lincoln Ave  Rumson, NJ 07760

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80 Bingham Ave, Rumson, NJ 07760 - Photo 1 Just Listed
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80 Bingham Ave  Rumson, NJ 07760

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96 East Ave, Atlantic Highlands, NJ 07716 - Photo 1 Just Listed
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96 East Ave  #97  Atlantic Highlands, NJ 07716

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Price Reduced near 196 Bay Ave

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17 Crestview Dr, Middletown, NJ 07748 - Photo 1 Price Reduced
-$39,000 (-5.58%)
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17 Crestview Dr  Middletown, NJ 07748

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59 Windward Way, Red Bank, NJ 07701 - Photo 1 Price Reduced
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59 Windward Way  Red Bank, NJ 07701

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Listed by Lisa Purdon (732) 962-2687
11 Manchester Ct, Red Bank, NJ 07701 - Photo 1 Price Reduced
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11 Manchester Ct  Red Bank, NJ 07701

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3 Sandbar Aly, Oceanport, NJ 07757 - Photo 1 Price Reduced
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Recent Sales near 196 Bay Ave

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

137 Marina Bay Ct  Highlands, NJ 07732

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134 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
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134 Marina Bay Ct  Highlands, NJ 07732

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118 Marina Bay Ct, Highlands, NJ 07732 - Photo 1 Sold
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118 Marina Bay Ct  Highlands, NJ 07732

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    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 that was sold at $687,600 on February 25, 2026. This property was sold by Christele Terranova-Beam from our Eastern Monmouth Regional Hub Office.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.