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523-525 Bay Ave 2,870 SF Vacant Retail Building Point Pleasant Beach, NJ 08742 $1,499,900 ($522.61/SF)
Investment Highlights
- Downtown Point Pleasant Beach
Executive Summary
Great Opportunity to own a multi-use building in downtown Point Pleasant Beach. Use your vision to enhance the existing units. This building offers a retail space with over 1200 SF on the first floor. This space includes storage closets and a dressing room. There are 2 1-bedroom, 1-bathroom apartments on the second floor. There are approximately 4 tenant parking spots in the rear of the property and plenty of available parking in the nearby public lots. Downtown Point Pleasant Beach is a vibrant year-round destination with a mix of diverse restaurants, shops, and antique centers. It is located close to Route 35, the train station, and the boardwalk. It is zoned General Commercial.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
2,870 SF
Building Class
C
Year Built
1900
Price
$1,499,900
Price Per SF
$522.61
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.14 AC
Zoning
GC - General Commercial
Parking
4 Spaces (1.39 Spaces per 1,000 SF Leased)
Frontage
36’ on Bay Avenue
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-00091-01-00027 | Improvements Assessment | $129,100 |
| Land Assessment | $295,000 | Total Assessment | $424,100 |
Property Taxes
Parcel Number
26-00091-01-00027
Land Assessment
$295,000
Improvements Assessment
$129,100
Total Assessment
$424,100
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523-525 Bay Ave
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