511 Bay Avenue, Point Pleasant Beach, NJ 08742
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$1,600,000
Est. payment /mo
7,956 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,956 sqft

Price per Sqft $201

Municipality Point Pleasant Beach (PPB)

MLS Listing ID 22606580

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Mixed Use

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

Mixed-Use Investment Opportunity | Strong In-Place Cash Flow + Value-Add Upside | Point Pleasant Beach

Well-positioned mixed-use property in Point Pleasant Beach featuring 2 retail storefronts and 2 residential apartments, fully occupied by long-term, stable tenants with exceptional occupancy history and strong retention.

Income Overview
Retail Unit 1: $3,100/month (20-year tenant)
Retail Unit 2: $3,000/month (10-year tenant)
2BR Apartment: $1,900/month (8-year tenant)
3BR Apartment: $2,600/month (3-year tenant)
Annual Gross Income: $127,200
Key Investment Highlights
Strong in-place cash flow with minimal historical vacancy
All tenants currently month-to-month but seeking long-term lease renewals
Clear opportunity to stabilize leases and implement annual rent increases
Resi feature electric heat (tenant-paid); commercial units utilize gas heat (tenant-paid)
One retail space fully renovated; second retail unit offers solid condition with improvement upside
Residential apartments are functional and well-maintained with early-2000s finishes
Value-Add Opportunity
Immediate lease-up potential through formal long-term lease conversions
Built-in rental growth strategy via structured annual increases
Approximately 1,000 SF of additional second-floor space currently used as tenant storage at no cost, offering future expansion or conversion potential (subject to approvals)
Light cosmetic upgrades and strategic repositioning can further enhance rents and NOI
Financial Summary
Strong in-place income base
Attractive stability from long-term tenancy profile
Multiple levers for NOI growth through lease restructuring and space optimization
Estimated upside through rent adjustments and optional expansion of usable square footage
Investment Profile

A rare opportunity to acquire a stabilized mixed-use asset with embedded upside in a high-demand coastal market, suitable for investors seeking:

Durable cash flow
Low turnover tenancy
Lease-driven NOI growth
Value-add repositioning potential in a prime shore location

Location

State NJ

County Ocean

Area Pt Pleasant Bch

Building/Complex Name None

Direction Arnold to Bay park on street or lot behind building accessible via Arnold Ave or next to the beanery

Rooms

Basement Crawl Space

Interior

Heating Baseboard, Forced Air

Exterior

Parking Features On Street

Amenities Available Laundry

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 26-00091-01-00025-02

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Monmouth Ocean MLS (MOMLS)
Listed by Keller Williams Realty Spring Lake

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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511 Bay Avenue