Located in the heart of Highlands, this versatile mixed-use property offers exceptional visibility and multiple income streams. The first floor provides flexible space ideal for retail, office, or restaurant use, while the second floor features a spacious 1,500 sq. ft. apartment with 4 bedrooms. Situated in a newly re-zoned district that allows for additional building height, the property presents a rare value-add opportunity. Investors can enhance returns by dividing the existing apartment into two 2-bedroom units and adding another story with two additional 2-bedroom apartments. With rental demand in Highlands remaining strong thanks to proximity to the Sea Streak Ferry and the Jersey Shore, 2-bedroom units consistently average $2,500+ per month. This combination of development potential and its prime location makes this property a standout opportunity in one of Monmouth County's most sought-after communities! *BACK ON MARKET DUE TO BUYERS FAILURE TO OBTAIN LOAN*

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Highlands is located in New Jersey. Highlands, New Jersey has a population of 4,669. Highlands is less family-centric than the surrounding county with 32.85% of the households containing married families with children. The county average for households married with children is 34%.
The median household income in Highlands, New Jersey is $82,456. The median household income for the surrounding county is $110,356 compared to the national median of $69,021. The median age of people living in Highlands is 45.4 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 25.8 degrees. The average rainfall is approximately 47.3 inches per year, with 24.8 inches of snow per year.