377 Asbury RdFarmingdale, NJ 07727

Property Details for 377 Asbury Rd

Year built

1960

Construction

FRAME

Lot size

4.10 AC

Property size (Sq ft)

5,404 SF

Zone code

ARE3

Property type

Other commercial real estate

APN

21 00229-0000-00001

APU

2100229000000001

Description

This exceptional mixed-use property in Farmingdale, NJ, presents a unique investment opportunity. Situated on a generous 4.04-acre lot, the property comprises a warehouse and a single-family home. The single-family residence is currently under a recently renewed one-year lease, providing immediate rental income. The warehouse offers significant potential for various commercial uses, subject to local zoning regulations. The expansive acreage allows for flexibility in future development or expansion, presenting considerable upside potential for the astute investor. The property's location in Farmingdale offers convenient access to major transportation routes and amenities, enhancing its overall appeal and marketability. This is a rare chance to acquire a substantial mixed-use property with existing income and significant growth potential. The property is being offered at $1,500,000. Detailed financial information and zoning details are available upon request. Serious inquiries only. The square footage of the buildings is not currently available. Further due diligence is recommended. This is an "as-is" sale.

• Alternative Use

  Use

  Valuation

  Residential

  $1,143,255

  Hospitality

  $1,047,215

  Educational

  $871,271

  Medical

  $901,235

  Retail

  $1,355,310

Location Insight

City

Farmingdale

County

Monmouth

State

New Jersey

Latitude

40.2183

Longitude

-74.1464

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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