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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
9,170 SF
Building Class
C
Year Built
1958
Price
$2,450,000
Price Per SF
$267.18
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
R2 - R2 zone allows single and two family homes. Retail is NOT ALLOWED.
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100

Nearby Major Retailers

CrossFit
PNC Bank
Banco Santander
Philly Pretzel Factory
Club Pilates
Provident Bank

Property Taxes

Property Taxes

Parcel Number
04-03301-0000-00006
Land Assessment
$986,900
Improvements Assessment
$354,000
Total Assessment
$1,340,900
  • Listing ID: 41014620

  • Date on Market: 6/22/2026

  • Last Updated:

  • Address: 907 Grand Ave, Asbury Park, NJ 07712

Contact the Sale Advisor

907 Grand Ave

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