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1104-1108 Main St
Asbury Park, NJ 07712
Land For Sale
·
0.37 AC
Investment Highlights
- Transit access -9 blocks to NJ Transit Asbury Park station with direct service to Newark & NYC
- Proven market- Strong sustained appreciation; new construction achieving premium rents and pricing
- Walkable location- 9 blocks to Cookman Ave; 7 blocks to beach, boardwalk, and Convention Hall
Executive Summary
1104, 1106-1108 Main Street is a 16,000 SF, three-building institutional campus on a single consolidated parcel (Block 2805, Lot 17) at the northeast corner of Main Street and Third Avenue in Asbury Park, NJ. The site offers approximately 175 feet of frontage on Main Street and 21 on-site parking spaces, both unusually large endowments for the corridor, and sits within the Main Street Redevelopment Plan area. The property's highest and best use is redevelopment as a mixed-use multifamily building over ground-floor retail. The site is being offered for sale at $2,500,000 as a delivered redevelopment opportunity in connection with the existing owner's relocation to a new campus elsewhere on Main Street, a transit village play on Asbury Park's primary corridor.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | MSCS | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.37 AC |
| Opportunity Zone |
Yes |
| Zoning | MSCS |
1 Lot Available
Lot
| Price | $3,539,325 CAD | Lot Size | 0.37 AC |
| Price Per AC | $9,635,824.33 CAD |
| Price | $3,539,325 CAD |
| Price Per AC | $9,635,824.33 CAD |
| Lot Size | 0.37 AC |
A multi-family redevelopment at the heart of the Jersey Shore's strongest market. A rare opportunity to develop a boutique multifamily residential project on Asbury Park's primary transit corridor. The subject site is a hard corner delivering approxi
Description
From the corner of Main Street and Third Avenue, residents step directly into Asbury Park's downtown core. The Cookman Avenue district, the city's restaurant, retail, and gallery spine is nine blocks south. The Asbury Park boardwalk, Convention Hall, the Casino, and Bradley Park are an eight-block walk to the ocean.
Property Taxes
| Parcel Number | 04-02805-0000-00017 | Improvements Assessment | $974,164 CAD |
| Land Assessment | $1,362,074 CAD | Total Assessment | $2,336,238 CAD |
Property Taxes
Parcel Number
04-02805-0000-00017
Land Assessment
$1,362,074 CAD
Improvements Assessment
$974,164 CAD
Total Assessment
$2,336,238 CAD
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