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
...
(Read more)
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
Last Updated: July - 31 - 2026
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