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1111 Main St 4,305 SF 100% Leased Retail Building Asbury Park, NJ 07712 $889,000 ($206.50/SF)
Executive Summary
Great property with high exposure on Rt. 71 (Main Street) in Asbury Park. Opportunity Zone, UEZ Zone. Building has been vacant for a while, and the owner now wants to sell it. Many uses in Asbury Park's Main Street Retail/Business corridor. Has on site parking adjacent to the building for 12 cars, which is very rare for Asbury Park. The building has no heat, but has newer windows, roof, and 2 new ADA Compliant bathrooms as well as parking lot being recently repaved and exterior stucco facade. There is gas available to the building. Electric has also been upgraded recently. Building could also me leased for $20 PSF NNN.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,305 SF
Building Class
C
Year Built
1990
Price
$889,000
Price Per SF
$206.50
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
S28 - Opportunity Zone. Community Shopping Zone. Main Street Redevelopment Zone. UEZ Zone.
Amenities
- Signalized Intersection
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-02804-0000-00003 | Improvements Assessment | $377,100 |
| Land Assessment | $281,100 | Total Assessment | $658,200 |
Property Taxes
Parcel Number
04-02804-0000-00003
Land Assessment
$281,100
Improvements Assessment
$377,100
Total Assessment
$658,200
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1111 Main St
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