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205 Bay Ave 1,600 SF Retail Building Highlands, NJ 07732 $850,000 ($531.25/SF)
Investment Highlights
- Renovated building
- Near Ferry Terminal to NYC
- Open Floor Plan
- Central Business District with many professional and retail uses
- Located in Redevelopment overlay zone with condo & retail possibilities
- Apartment plus Store Front
Executive Summary
Open House Saturday April 11th from Noon to 2pm. Positioned in the heart of vibrant downtown Highlands, this beautifully updated mixed-use building offers an exceptional opportunity for investors or owner-operators. Street-level storefront creating excellent visibility. Open, flexible layout ideal for boutique retail, café, gallery, or service business. The renovated interior complete with luxury finishes on both levels. The upper level offers a flexible floor plan for professional or residential space. A perfect spot for an Artist Loft. The property is located in the central business district as well as the zone 2 redevelopment overlay zone. Just a short distance from the Seastreak Ferry Terminal with direct service to NYC as well as area beaches and restaurants.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$5,632
|
$3.52
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,632
|
$3.52
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $5,632 |
| Annual Per SF | $3.52 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,632 |
| Annual Per SF | $3.52 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built/Renovated
1923/2015
Price
$850,000
Price Per SF
$531.25
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.06 AC
Zoning
C-0 - Located in the Central Business District as well as zone 2 of the Highlands Redevelopment overlay zone
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-00063-0000-00007 | Total Assessment | $329,200 (2025) |
| Land Assessment | $188,300 (2025) | Annual Taxes | $5,632 ($3.52/SF) |
| Improvements Assessment | $140,900 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
19-00063-0000-00007
Land Assessment
$188,300 (2025)
Improvements Assessment
$140,900 (2025)
Total Assessment
$329,200 (2025)
Annual Taxes
$5,632 ($3.52/SF)
Tax Year
2026 Payable 2026
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205 Bay Ave
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