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78 W State Route 173
Asbury, NJ 08802
Flex Property For Sale
Executive Summary
The property consists of 8.58 acres (Block 12, Lot 9) and is improved with a 16,900-square-foot two-story office building, a 23,600-square-foot clear-span assembly/warehouse/manufacturing building with 26-foot clear heights, and a 4,500-square-foot stand-alone shop building with 24-foot clear heights. The site is located within the PC District zoning designation. The property is currently 100% leased to 12 tenants, all of whom are on one-year lease terms that expire at the end of the year. Current rental income totals $33,835 per month, net of utilities, with ownership occupying two bays and office space without currently paying rent. Reported operating expenses are $144,420.13 annually, and the site provides parking for up to 110 vehicles.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 64,332 SF |
| Property Type | No. Stories | 2 | |
| Building Class | B | Year Built | 2005 |
| Lot Size | 8.58 AC | Parking Ratio | 1.25/1,000 SF |
| Zoning | PC | ||
| Sale Type | Investment or Owner User |
| Property Type | |
| Building Class | B |
| Lot Size | 8.58 AC |
| Rentable Building Area | 64,332 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | PC |
Property Taxes
| Parcel Number | 25-00012-0000-00009 | Improvements Assessment | $2,584,300 |
| Land Assessment | $1,400,000 | Total Assessment | $3,984,300 |
Property Taxes
Parcel Number
25-00012-0000-00009
Land Assessment
$1,400,000
Improvements Assessment
$2,584,300
Total Assessment
$3,984,300
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