511 Bay Avenue, Point Pleasant Beach, NJ 08742

$1,550,000
Property Type: Commercial Square Footage: 7,956 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $1,550,000 List Date: 3/14/2026 Last Modified: 7/31/2026

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
194.82

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

General Property Info

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

More Information

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: July - 31 - 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.