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Investment Highlights
- Rare Mixed-Use Multifamily Redevelopment Opportunity — Zoned Within the Main Street Redevelopment Plan Area
- Prime Walkable Location — 9 Blocks to NJ Transit, 7 Blocks to Beach, Boardwalk & Convention Hall
- ~175 Feet of Main Street Frontage + 21 On-Site Parking Spaces — Exceptional Corridor Endowments
Executive Summary
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 approximately 175 feet of Main Street frontage and 21 on-site parking spaces, nine blocks from Stylized illustration — not architectural. Final design subject to entitlement, site planning, and the Main Street Redevelopment Plan. CONCEPTUAL RENDERING EXECUTIVE SUMMARY 4-story mixed-use building with ground-floor retail and a residential lobby above the existing 21-space surface parking lot. The program aligns with established corridor precedent and represents a natural opportunity for a developer seeking immediate scale on Main Street. the NJ Transit Asbury Park station and nine blocks from the Cookman Avenue dining and retail core in a market that has produced double-digit annual residential appreciation, a downtown median sale price approaching $1.6M, and 1-bedroom rents north of $3,000 per month
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1920
Price
$3,559,325 CAD
Price Per SF
$1,186.44 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CBD2
Parking
21 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
175’ on Main St
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-00115-0000-00015 | Improvements Assessment | $165,678 CAD |
| Land Assessment | $415,616 CAD | Total Assessment | $581,294 CAD |
Property Taxes
Parcel Number
07-00115-0000-00015
Land Assessment
$415,616 CAD
Improvements Assessment
$165,678 CAD
Total Assessment
$581,294 CAD
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1106 Main St
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