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907 Grand Ave 8,070 SF Retail Building Asbury Park, NJ 07712 $2,450,000 ($303.59/SF)



Investment Highlights
- 1/2 ACRE OF LAND, NOT IN THE WATERFRONT REDEVELOPMENT ZONE
- 8,200 SF, TWO LEVEL BUILDING
- 150' X 150' LOT IN A TOP TIER NEIGHBORHOOD
Executive Summary
A rare opportunity you may never see again... one half acre of land, a premiere corner lot, located on the east side of Asbury Park, and not in the waterfront redevelopment zone. 150' X 150' parcel of land with an 8,200 SF, two story building previously used as a pre-school. R2 zoning currently allows single and two family homes. With 150' of frontage on the 500 block of 2nd Avenue you are located in a neighborhood with some of the most beautifully restored homes in town; all with amazing architecture. Four blocks to downtown and four blocks to the beach you couldn't find a better spot to build the grandest home in town on the largest lot in town, subdivide into smaller lots, or repurpose the existing building with city approvals. Seller does not plan to hold property while buyer obtains variances.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,070 SF
Building Class
C
Year Built
1958
Price
$2,450,000
Price Per SF
$303.59
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
R2 - R2 zone allows single and two family homes.
Frontage
150’ on Grand Ave
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-03301-0000-00006 | Improvements Assessment | $422,900 |
| Land Assessment | $897,100 | Total Assessment | $1,320,000 |
Property Taxes
Parcel Number
04-03301-0000-00006
Land Assessment
$897,100
Improvements Assessment
$422,900
Total Assessment
$1,320,000
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907 Grand Ave
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