For Sale
$1,795,000

428 Main St Asbury Park, NJ 07712

Prime Asbury Park location, 7,068 SF, NNN Lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property, the Asbury Hardware Building, presents a unique investment opportunity in the vibrant Asbury Park, New Jersey market. Located at 428 Main St, 07712, this 7,068 square foot building is zoned CBD ZONE/UEZ ZONE, offering significant potential for redevelopment. The existing structure boasts two floors, each measuring 3,534 square feet, currently configured as a convenience store, grocery store, and warehouse. The property is offered at an asking price of $1,795,000 with a triple net (NNN) lease structure. Its strategic location places it just one block from the Asbury Park Transportation Center, ensuring excellent accessibility. The zoning permits construction up to 45 feet in height, allowing for substantial expansion or redevelopment opportunities. The 2023 property taxes were $17,461. The existing business operating within the building is also available for purchase, presenting an additional avenue for investment. This property offers a compelling blend of existing income potential and significant future development possibilities in a thriving New Jersey coastal town.

Highlights

  • 2023 Property Taxes: $17,461
  • Located in a Central Business District (CBD) and Urban Enterprise Zone (UEZ)
  • One block from Asbury Park
  • Situated near a transportation center
  • Zoning permits 45-foot building height
  • Business operations available for purchase with the property

Property Details for 428 Main St

Property type
Warehouses, Retail properties
Square Feet
7,068 SF

Location Insight

City
Asbury Park
County
Monmouth
State
New Jersey
Latitude
40.2179486
Longitude
-74.0123549

FAQs

What type of property is this?
Warehouse - Prime Asbury Park location, 7,068 SF, NNN Lease.
Where is the warehouse located?
The property is located at 428 Main St Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 2023 Property Taxes: $17,461; Located in a Central Business District (CBD) and Urban Enterprise Zone (UEZ); One block from Asbury Park
How can I contact the broker?
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428 Main St
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