705 Cookman Ave - Storefront Retail/Office FOR SALE


Asbury Park, NJ 07712
$1,795,000 USD
732-798-9533
705 Cookman Ave, Asbury Park, NJ for Sale
$1,795,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 5.3% Cap Rate

705 Cookman Ave
Asbury Park, NJ 07712


HIGHLIGHTS

  • Prime Cookman Avenue location in Downtown Asbury Park
  • Fully leased with long-term tenants
  • Strong downtown location near retail, dining, entertainment, and residential development

OVERVIEW

Rare opportunity to acquire a fully leased commercial investment property in the heart of Downtown Asbury Park. Ideally located on Cookman Avenue, just east of Main Street, the property benefits from excellent visibility, strong pedestrian activity, and immediate access to the city’s restaurants, retail, entertainment, and residential neighborhoods. The property consists of a three-story masonry commercial building highlighted by a dramatic three-story glass storefront façade and newly installed exterior façade panels, providing a distinctive and modern presence along Cookman Avenue. The building underwent a complete gut renovation in 2006, including substantial upgrades to the interior and major building systems. The property is currently fully leased to long-term tenants, providing stable in-place income and established occupancy. A full basement provides additional space for mechanical systems, building operations, and storage. Investment Highlights -Prime Cookman Avenue location in Downtown Asbury Park -Fully leased with long-term tenants -Stabilized in-place income -Three-story masonry construction -Distinctive three-story glass storefront façade -New exterior façade panels -Complete gut renovation completed in 2006 -Full basement for mechanicals and storage -Excellent visibility and street presence -Strong downtown location near retail, dining, entertainment, and residential development An attractive opportunity for investors seeking a stabilized commercial asset in one of the Jersey Shore’s most established and active downtown markets. EMAIL IS BEST FOR CONTACT.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$412 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Metro

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,630 SF

ZONING

CARC

APN/PARCEL ID

04-02402-0000-00008

ASK ABOUT THIS PROPERTY

Wayne GreenleafGreenleaf HoldingsMore Info
732-798-9533

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Wayne GreenleafGreenleaf HoldingsMore Info
732-798-9533

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