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1225 Bay Avenue 1225 Bay Ave 2,250 SF 100% Leased Flex 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
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
| Price | $799,000 | Rentable Building Area | 2,250 SF |
| Price Per SF | $355.11 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1974 |
| Property Type | Flex | ||
| Zoning | Neighborhood Commercial | ||
| Price | $799,000 |
| Price Per SF | $355.11 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Rentable Building Area | 2,250 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | 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 | - | - | - |
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