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Asbury Hardware Building 428 Main St 7,062 SF 100% Leased Retail Building Asbury Park, NJ 07712 $1,650,000 ($233.64/SF)



Investment Highlights
- Heavy daytime street traffic.
Executive Summary
Magnificent opportunity to purchase a great building located in the Central Business District of Asbury Park. Hight traffic corner with traffic light giving great visibility. Bring your business here if you need a home or need to expand. Very successful existing hardware business has been at this location for over 40 years. Business could be for sale as well to qualified purchaser. Second floor which is approximately 3,534 SF is vacant and ready for development. Many uses on the second floor such as residential, office, service, medical etc. or can be combined with the first floor to expand. Blueprints for expansion available. Many options here. Upper floor can be residential. Add two additional floors to building up to 45 feet of height as permitted by zoning. This building is located in the UEZ (Urban Enterprise Zone) and OZ (Opportunity Zone).
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,062 SF
Building Class
C
Year Built
1980
Price
$1,650,000
Price Per SF
$233.64
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.02
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-0 - Central Business District. Urban Enterprise Zone. Downtown Redevelopment District, Opportunity Zone. Commercial mixed-use, residential, office.
Frontage
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-02506-0000-00010 | Improvements Assessment | $700,900 |
| Land Assessment | $583,000 | Total Assessment | $1,283,900 |
Property Taxes
Parcel Number
04-02506-0000-00010
Land Assessment
$583,000
Improvements Assessment
$700,900
Total Assessment
$1,283,900
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Asbury Hardware Building | 428 Main St
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