1106 Main St - Storefront Retail/Residential FOR SALE


Asbury Park, NJ 07712
$2,500,000 USD
732-768-1200
1106 Main St, Asbury Park, NJ for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

1106 Main St
Asbury Park, NJ 07712


HIGHLIGHTS

  • Rare Mixed-Use Multifamily Redevelopment Opportunity — Zoned Within the Main Street Redevelopment Plan Area
  • ~175 Feet of Main Street Frontage + 21 On-Site Parking Spaces — Exceptional Corridor Endowments
  • Prime Walkable Location — 9 Blocks to NJ Transit, 7 Blocks to Beach, Boardwalk & Convention Hall

OVERVIEW

A multi-family redevelopment at the heart of the Jersey Shore's strongest market. A rare opportunity to develop a boutique multifamily residential project on Asbury Park's primary transit corridor. The subject site is a hard corner delivering approximately 175 feet of Main Street frontage and 21 on-site parking spaces, nine blocks from Stylized illustration — not architectural. Final design subject to entitlement, site planning, and the Main Street Redevelopment Plan. CONCEPTUAL RENDERING EXECUTIVE SUMMARY 4-story mixed-use building with ground-floor retail and a residential lobby above the existing 21-space surface parking lot. The program aligns with established corridor precedent and represents a natural opportunity for a developer seeking immediate scale on Main Street. the NJ Transit Asbury Park station and nine blocks from the Cookman Avenue dining and retail core in a market that has produced double-digit annual residential appreciation, a downtown median sale price approaching $1.6M, and 1-bedroom rents north of $3,000 per month

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CBD2

APN/PARCEL ID

07-00115-0000-00015

ASK ABOUT THIS PROPERTY

Kim KretowiczNAI James E. Hanson, Inc.More Info
732-768-1200

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Kim KretowiczNAI James E. Hanson, Inc.More Info
732-768-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.