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1225 Bay Avenue 1225 Bay Ave 2,250 SF 100% Leased Flex Building Pt Pleasant, NJ 08742 $1,108,708 CAD ($492.76 CAD/SF)
INVESTMENT HIGHLIGHTS
- High visibility area
EXECUTIVE SUMMARY
Fully leased mixed-use property with first floor office/retail space and second floor two bed, 1 bath apartment.
Office lease expires 12/31/2026 with option to renew for one year. Paying $1,311/month
Apartment is month-to-month paying $1,230/month.
Solar panels are owned
Office lease expires 12/31/2026 with option to renew for one year. Paying $1,311/month
Apartment is month-to-month paying $1,230/month.
Solar panels are owned
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$42,311
|
$18.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,311
|
$18.81
|
| Taxes |
$12,933
|
$5.75
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,933
|
$5.75
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $42,311 |
| Annual Per SF | $18.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $42,311 |
| Annual Per SF | $18.81 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,933 |
| Annual Per SF | $5.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,933 |
| Annual Per SF | $5.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,108,708 CAD | Rentable Building Area | 2,250 SF |
| Price Per SF | $492.76 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1974 |
| Property Type | Flex | ||
| Zoning | Neighborhood Commercial | ||
| Price | $1,108,708 CAD |
| Price Per SF | $492.76 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Rentable Building Area | 2,250 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | Neighborhood Commercial |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Advanced Insurance Agency
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Advanced Insurance Agency | Finance and Insurance | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 25-00143-0000-00009 | Total Assessment | $534,932 CAD |
| Land Assessment | $357,270 CAD | Annual Taxes | $12,933 CAD ($5.75 CAD/SF) |
| Improvements Assessment | $177,661 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
25-00143-0000-00009
Land Assessment
$357,270 CAD
Improvements Assessment
$177,661 CAD
Total Assessment
$534,932 CAD
Annual Taxes
$12,933 CAD ($5.75 CAD/SF)
Tax Year
2025
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