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1225 Bay Avenue 1225 Bay Ave 2,250 SF 100% Leased Office Building Pt Pleasant, NJ 08742 $799,000 ($355.11/SF)
Investment Highlights
- High visibility area
Executive Summary
Fully leased mixed-use property with first floor office/retail space and second floor two bed, 1 bath apartment. Office lease expires 12/31/2026 with option to renew for one year. Paying $1,311/month Apartment is month-to-month paying $1,230/month. Solar panels are owned
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,492
|
$13.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,492
|
$13.55
|
| Taxes |
$9,320
|
$4.14
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,320
|
$4.14
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $30,492 |
| Annual Per SF | $13.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,492 |
| Annual Per SF | $13.55 |
| Taxes | |
|---|---|
| Annual | $9,320 |
| Annual Per SF | $4.14 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,320 |
| Annual Per SF | $4.14 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,250 SF
Building Class
B
Year Built
1974
Price
$799,000
Price Per SF
$355.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,125 SF
Building FAR
0.32
Lot Size
0.16 AC
Zoning
NC - Neighborhood Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advanced Insurance Agency
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advanced Insurance Agency | Finance and Insurance | - | - | - |
1 1
Property Taxes
| Parcel Number | 25-00143-0000-00009 | Total Assessment | $384,500 |
| Land Assessment | $256,800 | Annual Taxes | $9,320 ($4.14/SF) |
| Improvements Assessment | $127,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
25-00143-0000-00009
Land Assessment
$256,800
Improvements Assessment
$127,700
Total Assessment
$384,500
Annual Taxes
$9,320 ($4.14/SF)
Tax Year
2025
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1225 Bay Avenue | 1225 Bay Ave
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