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1105 Memorial Dr 11,926 SF Retail Building Asbury Park, NJ 07712 For Sale
INVESTMENT HIGHLIGHTS
- Asbury Park has been a hotbed of investment and development with home prices tripling since 2015
- Nearby dining, retail and multifamily generate foot traffic to the store
- 126-unit development a block away and more than1,000 multifamily units delivered in Asbury Park since2018
- Below market rent with significant upside potential
EXECUTIVE SUMMARY
Continuously occupied since property was built-to-suit in 2017
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,926 SF
Building Class
C
Year Built
1975
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.42 AC
Zoning
BD - Business District
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00302-0000-00007-01 | Improvements Assessment | $1,215,000 |
| Land Assessment | $413,300 | Total Assessment | $1,628,300 |
PROPERTY TAXES
Parcel Number
04-00302-0000-00007-01
Land Assessment
$413,300
Improvements Assessment
$1,215,000
Total Assessment
$1,628,300
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1105 Memorial Dr
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