511 Bay Avenue, Point Pleasant Beach NJ 08742
Photos
139 days on market · Listed March 14, 2026
About 511 Bay Avenue
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 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 conversions Built-in rental growth strategy via structured annual increases Approximately 1,000 SF of additional second-floor space currently used as tenant storage at no cost, offering future expansion or conversion potential (subject to approvals) Light cosmetic upgrades and strategic repositioning can further enhance rents and NOI Financial Summary Strong in-place income base Attractive stability from long-term tenancy profile Multiple levers for NOI growth through lease restructuring and space optimization Estimated upside through rent adjustments and optional expansion of usable square footage Investment Profile A rare opportunity to acquire a stabilized mixed-use asset with embedded upside in a high-demand coastal market, suitable for investors seeking: Durable cash flow Low turnover tenancy Lease-driven NOI growth Value-add repositioning potential in a prime shore location
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced Air
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 7,956 sqft
Property
Parking
- Parking features: On Street
- Garage spaces: 0
- Has garage: No
Features
- Stories: 2
Lot
- Size: 5,227.2 sqft (0.12 acres)
Details
- Parcel number: 26-00091-01-00025-02
Construction
Type & style
- Home type: Commercial Sale
- Property subtype: Mixed Use
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Point Pleasant Beach
HOA
- Amenities: Laundry
Financial & listing details
- Price per square foot: $201/sqft
- Tax assessed value: $0
- Date on market: 3/14/2026
- MLS#: 22606580
Why you'll love 511 Bay Avenue in Pt Pleasant Bch, Point Pleasant Beach, NJ
511 Bay Avenue is a commercial property for sale in Pt Pleasant Bch, Point Pleasant Beach, NJ. It offers approximately 7,956 square feet of living space. It is offered at $1,600,000, MLS# 22606580.
Inside, 511 Bay Avenue features 2 stories, a crawl Space basement and baseboard and Forced Air heat. For parking, the property offers on Street. It sits on a lot of roughly 5,227 square feet (about 0.12 acres).
Pt Pleasant Bch offers convenient access to shopping, schools, parks, dining, and everyday essentials. To tour 511 Bay Avenue in Pt Pleasant Bch, contact Neuhaus Realty — a family-run agency since 1969, now serving Monmouth & Ocean from our Red Bank office — to schedule a private showing.
Location
MLS# 22606580. Listing courtesy of Keller Williams Realty Spring Lake. Listing information is provided by the Monmouth Ocean Regional MLS. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
