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515 Lake Ave 0.11 Acres of Commercial Land Offered at $2,000,000 in Asbury Park, NJ 07712
Investment Highlights
- Thriving downtown Asbury Park location.
- Lake and park views.
Executive Summary
Prime investment opportunity in booming Asbury Park. Fantastic location with Lake and Park frontage for unobstructed views. Zoning will allow to build residential over commercial. This lot is not approved. Any development plans would have to go in front of zoning and planning boards for approvals. One to two million dollar townhomes are being built right now on the next block to the east.
Property Facts
1 Lot Available
Lot 1.02
| Price | $2,000,000 | Lot Size | 0.11 AC |
| Price Per AC | $17,421,602.79 |
| Price | $2,000,000 |
| Price Per AC | $17,421,602.79 |
| Lot Size | 0.11 AC |
Building lot, development site with 180 degree views of Wesley Lake and historic Ocean Grove. Lot is flat, cleared, and ready to go. All utilities are at the street. Zoning allows to build residential over commercial. Lot not approved.
Description
Vacant lot. 75' of frontage on Lake Avenue by 100' of dept. Lot is cleared and flat. All utilities are located at the street. Zoning allows to build to 45' in height. First floor has to be commercial/retail/office because property is located in a flood plane.
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04-03105-0000-00002 | Improvements Assessment | $184,900 |
| Land Assessment | $1,136,200 | Total Assessment | $1,321,100 |
Property Taxes
Parcel Number
04-03105-0000-00002
Land Assessment
$1,136,200
Improvements Assessment
$184,900
Total Assessment
$1,321,100
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515 Lake Ave