428 Summerfield AveAsbury Park, NJ 07712

Property Details for 428 Summerfield Ave

Lot size

0.39 AC

Property size (Sq ft)

16,858 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional mixed-use property, located at 428 Main Street & 702/704 Summerfield in Asbury Park, New Jersey, presents a unique investment opportunity. The property encompasses a substantial 16,858 square feet across four stories, situated on a 0.39-acre lot. The building is currently zoned CBD and UEZ, offering significant flexibility for various development scenarios. The "as of right" zoning permits construction up to four stories and 45 feet in height, with potential for additional height allowances under certain conditions for low and moderate-income housing. On-site parking is available for 28-32 vehicles, a significant advantage in a vibrant urban setting. The combined 2023 property taxes totaled $29,763. This versatile property is ideal for a range of uses, including mixed-use development, potentially incorporating residential units above retail spaces. The prime location in Asbury Park, Monmouth County, New Jersey (zip code 07712), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial property with significant development potential in a thriving New Jersey coastal community. The asking price for this exceptional property is $3,750,000.

Location Insight

City

Asbury Park

County

Monmouth

State

New Jersey

Latitude

40.2177

Longitude

-74.012

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