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515 Lake Ave 0.11 Acres of Commercial Land Offered at $2,754,620 CAD in Asbury Park, NJ 07712

Commercial Land Properties New Jersey Asbury Park 515 Lake Ave, Asbury Park, NJ 07712

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INVESTMENT HIGHLIGHTS

  • Thriving downtown Asbury Park location.
  • Lake and park views.

EXECUTIVE SUMMARY

Prime investment opportunity in booming Asbury Park. Fantastic location with Lake and Park frontage for unobstructed views. Zoning will allow to build residential over commercial. This lot is not approved. Any development plans would have to go in front of zoning and planning boards for approvals. One to two million dollar townhomes are being built right now on the next block to the east.

ATTACHMENTS

515 Lake Ave Flyer Sackman
515 Lake Survey
Property Map 515 Lake 75x100

PROPERTY FACTS Under Contract

Price $2,754,620 CAD Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Office
  • Apartment Units - Condo
  • Restaurant
No. Lots 1 Total Lot Size 0.11 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning S31 - Central Business District. Zoning allows commercial/retail/restaurant on the first floor with residential apartments or condos on the upper floors.
Price $2,754,620 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Apartment Units - Condo
  • Restaurant
Total Lot Size 0.11 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning S31 - Central Business District. Zoning allows commercial/retail/restaurant on the first floor with residential apartments or condos on the upper floors.

1 LOT AVAILABLE

Lot 1.02

Price $2,754,620 CAD Lot Size 0.11 AC
Price Per AC $23,994,948.39 CAD
Price $2,754,620 CAD
Price Per AC $23,994,948.39 CAD
Lot Size 0.11 AC

Building lot, development site with 180 degree views of Wesley Lake and historic Ocean Grove. Lot is flat, cleared, and ready to go. All utilities are at the street. Zoning allows to build residential over commercial. Lot not approved.

DESCRIPTION

Vacant lot. 75' of frontage on Lake Avenue by 100' of dept. Lot is cleared and flat. All utilities are located at the street. Zoning allows to build to 45' in height. First floor has to be commercial/retail/office because property is located in a flood plane.

1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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PROPERTY TAXES

Parcel Number 04-03105-0000-00002 Improvements Assessment $255,789 CAD
Land Assessment $1,571,808 CAD Total Assessment $1,827,596 CAD

PROPERTY TAXES

Parcel Number
04-03105-0000-00002
Land Assessment
$1,571,808 CAD
Improvements Assessment
$255,789 CAD
Total Assessment
$1,827,596 CAD
(732) 859-1458

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 37353581

  • Date on Market: 2025-08-20

  • Last Updated:

  • Address: 515 Lake Ave, Asbury Park, NJ 07712

The Land Property at 515 Lake Ave, Asbury Park, NJ 07712 is currently available for Sale. Contact Sackman Realty for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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515 Lake Ave, Asbury Park, NJ for sale Plat Map- Image 1 of 2
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515 Lake Ave
(732) 859-1458 x

515 Lake Ave

Patrick Schiavino
(732) 859-1458

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