511 Bay Avenue, Point Pleasant Beach, NJ 08742

$1,600,000
Property Type: Commercial Square Footage: 7,956 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $1,600,000 List Date: 3/14/2026 Last Modified: 6/26/2026

Overview

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

Supplements: 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 ...

Listing Details MLS# 22606580

Contract Info

Property Sub-Type
Mixed Use
Sale
Yes
Lease
No
List Price/SqFt
201.11

Location

House Number
511
Street Name
Bay
Street Suffix
Avenue
County
Ocean
Municipality
Point Pleasant Beach (PPB)
Postal City
Point Pleasant Beach
State
NJ
Zip Code
08742
Area/Section
Pt Pleasant Bch
Complex/Subdivision
None
Directions
Arnold to Bay park on street or lot behind building accessible via Arnold Ave or next to the beanery
Business District
Yes

General Property Info

# Levels
2
Apx SqFt
7956
Garage
No
Acreage
0.12
Business Operating
No
Franchise
No
# Car Garage
0

Tax and Legal

Asmnt - Total
0

Remarks & Misc

Excluded
Tenants posessions

Income & Expenses

# Rental Units
4

More Information

Use

Apartments
Yes
Professional/Office
Yes
Retail
Yes

Electric

Other - See Remarks
Yes

Basement

Crawl Space
Yes

Gas

On Site
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Heating

Baseboard
Yes
Electric
Yes
Forced Air
Yes
Natural Gas
Yes

Water

Public Water
Yes

Sewer

Public Sewer
Yes

Common Elements

Laundry
Yes

Parking

On Street
Yes

Assessment Status

Assessed
Yes

Landlord Pays

Common Area Maintenance
Yes
Exterior Maintenance
Yes
Garbage Removal
Yes
Grounds Care
Yes
Insurance
Yes
Roof Maintenance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Property Features

Location: Business District; Business District Use: Apartments; Professional/Office; Retail Basement: Crawl Space Heating: Baseboard; Electric; Forced Air; Natural Gas Water Heater: Electric; Natural Gas Water: Public Water Sewer: Public Sewer Gas: On Site Electric: Other - See Remarks Parking: On Street Common Elements: Laundry Landlord Pays: Common Area Maintenance; Exterior Maintenance; Garbage Removal; Grounds Care; Insurance; Roof Maintenance; Sewer; Taxes; Water Assessment Status: Assessed
IDX
Listing Office: Keller Williams Realty Spring Lake
Listing Agent: Diane Glander
Source MLS Verified
Last Updated: June - 26 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.