2-12 Memorial Dr
Asbury Park, NJ 07712
Land For Sale · 1.14 AC

This is a development site on 1.14 acres in the Asbury Park Springwood Avenue Gateway Zone. The property will also be incorporated into the proposed Asbury Park Transit Village area and is located adjacent to the existing train and bus stations now. It is a corner property with a traffic light on two major traffic corridors leading to the beach and downtown heading in from the Garden State Parkway. Current zoning will allow a development project of 100% residential or ground floor commercial with upper floor residential. The current building height zoning is 45 feet maximum, and can be built with 0 setbacks for front yard and side yard. Depending on the layout and design, a developer may be able to build up to 60 residential units. In a pre-existing approved plan which has lapsed due to a change in zoning, there was available parking for 90 cars on the site with an approved site-plan to build a 4-story, 60,000 square foot building. New zoning will allow the footprint to be extended an additional 30 feet because of the 0 setback requirement. The parking requirement will be 1 space per one-bedroom unit, and 1.5 spaces for 2 or more bedroom units. Artist live/work space will be a permitted use.