Development Site
0.39 Acres of Commercial Land Offered at $3,750,000 USD in Asbury Park, NJ 07712
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,750,000
- Property Type
-
Land
Listing Contacts
Patrick Schiavino
Verified Profile
- Property Info
Property Overview
This is a combined parcel which is currently a commercial building located at 428 Main Street which is two-stories and approximately 7,062 SF. The lower level is operating as a hardware store and the upper floor is vacant. The adjacent lots on Summerfield Avenue are currently being used as parking and storage for the hardware business. There are some outbuildings on the lot which are used for warehousing. The highest and best use of the property is for a mixed-use development project with apartments and/or condominiums over first floor retail and on-site parking. Preliminary assessment by a local architect calls for about 35 residential units over 28-32 parking spaces with existing corner retail to stay in place. Architect could be contacted for consultation if requested.
Property Details
- Property Subtype
- Commercial
Highlights
- Great location for mixed-use development is a very hot market.
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