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1106 Main St Apartment Building $2,500,000 Asbury Park, NJ 07712
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
| Price | $2,500,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CBD2 | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | CBD2 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-00115-0000-00015 | Improvements Assessment | $116,600 |
| Land Assessment | $292,500 | Total Assessment | $409,100 |
Property Taxes
Parcel Number
07-00115-0000-00015
Land Assessment
$292,500
Improvements Assessment
$116,600
Total Assessment
$409,100
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