Ad #7976660
MLS #22606580
Mixed-Use Investment Opportunity | Strong In-Place Cash Flow +
511 Bay Ave, Point Pleasant Beach, NJ 08742
$1,600,000
--Beds
--Baths
7,956Sqft
0.12Acres
About this property
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
Property Features
0 Beds
0 Baths
7,956 Sqft
0.12 Acres
2 Stories
On Street
Forced Air, Baseboard
Ocean County
Contact Information
Diane Glander
Keller Williams Realty East Monmouth
848-220-7120
Location
Listing Agent: Diane Glander 848-220-7120
Broker: Keller Williams Realty East Monmouth 732-704-4033 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty East Monmouth 732-704-4033 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,600,000
--
Beds
--
Baths
7,956
Sqft
511 Bay Ave, Point Pleasant Beach, NJ 08742
By contacting this agent you agree to these Terms and Conditions.
MLS# 22606580
Mixed-Use Investment Opportunity | Strong In-Place Cash Flow +
$1,600,000
511 Bay Ave, Point Pleasant Beach, NJ 08742
--
Beds
--
Baths
7,956
Sqft
0.12
Acres
$1,600,000
511 Bay Ave, Point Pleasant Beach, NJ 08742
-- Beds
-- Baths
7,956 Sqft
0.12 Acres
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
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Property Details
HOME DETAILS
0 Beds
0 Baths
7,956 Sqft
0.12 Acres
2 Stories
EXTERIOR
On Street
INTERIOR
Forced Air, Baseboard
FINANCIAL & COMMUNITY
Ocean County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7976660
Viewed
51 times
Listing Status
Active
Added
Jun 26, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
More MLS
Source Property ID
22606580
Listing Agent: Diane Glander 848-220-7120
Broker: Keller Williams Realty East Monmouth 732-704-4033 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty East Monmouth 732-704-4033 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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