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1183 Main St 8,000 SF Vacant Retail Building Asbury Park, NJ 07712 $2,999,999 ($375.00/SF) 4.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Traffic
- Prime area
EXECUTIVE SUMMARY
Greetings from Asbury Park! where opportunity awaits in this newly built building boasting over 8000 square feet of prime retail space. Enjoy the convenience of private parking as you attract customers just blocks away from the bustling Asbury Park nightlife. With the beach and iconic Asbury Boardwalk just a short distance away, your business will thrive in this vibrant coastal community. Don't miss out on the chance to be part of the excitement in one of New Jersey's most dynamic destinations. Seize the moment and make your mark in Asbury Park!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
2023
Price
$2,999,999
Price Per SF
$375.00
Cap Rate
4.69%
NOI
$140,700
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
C-0
Frontage
50’ on Main St
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 (2025) |
| Land Assessment | $281,100 (2025) | Total Assessment | $658,200 (2025) |
PROPERTY TAXES
Parcel Number
04-02804-0000-00003
Land Assessment
$281,100 (2025)
Improvements Assessment
$377,100 (2025)
Total Assessment
$658,200 (2025)
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1183 Main St
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