Patrick Schiavino - Commercial Real Estate Showcase

Patrick Schiavino Property Listings
John C. Conover Agency
200 Main St
Asbury Park, NJ 07712

100 Memorial Drive

Asbury Park, NJ 07712 - Southern Monmouth Submarket

Property Type:Land Parcel Size:1.15 Acres
For Sale Price:$1,750,000 Price/Acre:$1,524,656 Price/SF:$35.00

Proposed Use:Retail, Apartment Units

On-Site Improv:Previously developed lot

High, dry, and ready for development. Two small buildings have to be raised. All utilities at the curb. Very highly visible corner lot with traffic light.

High traffic corner lot with a traffic light. Memorial Drive is a 4 lane highway, and Springwood is a very busy cross street. Propery is located across the street from the Asbury Park Transportation Center with busses and trains to New York City.... Ideal location for bank, convenience store, strip center, fast food restaurant... etc.

Sale Notes:
1.14 acres (49,864 SF) of flat, dry land with light industrial zoning. There are currently two masonry buildings on the property which can be salvaged if needed. Seller has approvals to build a 63,264 SF building with 10,465 SF of commercial space with 4,415 SF of common area on the first floor. The upper floors have approvals for 26 residential units with off-street parking for 90 cars.

Property is located on the corner of two main roads with a traffic light at the corner. Memorial Drive is a 4 lane county road, and Springwood Avenue is a main artery to the Asbury Park downtown district and the beach. The lot is also located directly across the street from the Asbury Park Transportation Center and the New Jersey Transit train to north Jersey and New York City.

John C. Conover Agency
Patrick Schiavino
(732) 897-9200

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