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21 Main St 9,000 SF 11% Leased Retail Building Asbury Park, NJ 07712 $2,500,000 ($277.78/SF)
Executive Summary
Fully leased commercial building or development site. Zoning is MSRA (Main Street Redevelopment Area). 8,020 Square Feet total leasable space. Building consists of 3,676 SF of Retail Showroom, 2,585 SF Art Gallery, and 1,759 SF office area. Two of the 3 tenants are owner occupied, and will vacate at closing if needed. Zoning allows for 8 stores to 90 feet of height in the zone. This location is in an OPPORTUNITY ZONE and UEZ ZONE. Building fronts on two major streets, Highway 71 and Springwood Avenue. Heavy traffic area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built
1950
Price
$2,500,000
Price Per SF
$277.78
Percent Leased
11%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
CBD - MSRA (Main Street Redevelopment Area) OPPORTUNITY ZONE, UEZ ZONE
Current zoning will allow up to 8 stories to 90 feet.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Second Life Bikes
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Second Life Bikes | Retailer | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-02409-0000-00003 | Improvements Assessment | $1,366,700 |
| Land Assessment | $350,500 | Total Assessment | $1,717,200 |
Property Taxes
Parcel Number
04-02409-0000-00003
Land Assessment
$350,500
Improvements Assessment
$1,366,700
Total Assessment
$1,717,200
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