Main Street Storefront
For Sale
$889,000
Pending
1111 Main Street, Asbury Park, NJ 07712
Commercial Sale, Asbury Park, NJ
Property Size4,250 SF
Lot Size0.14 Acres
Days on Market250
Property Features for 1111 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Family, Retail, Residential, Professional, Mixed, Commercial, Central Business
Rooms
Basement
Parking
12
Parking features
Off Street, Parking Lot
Directions
Asbury Avenue to Main Street. Make left, property is located approximately 4 blocks up on left.
Subdivision
N Asbury Pk
Standard status
Pending
APN
04-02804-0000-00003
Size
4,250 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11532
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
ADA compliant bathrooms
Building Details
Year built
1950
Floors in Building
1
Listing Agency:
Sackman Realty
(732) 798-8188
Listed By:
Patrick Schiavino · License #0454705
(732) 859-1458
Added: Feb 5
Changed: Oct 8
Last Checked: Oct 13 at 7:06AM
MLS# 22603282
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,250-square-foot storefront property sits on a 0.14-acre parcel and includes a basement. Built in 1950, the building has a new roof, new windows, and two new ADA-compliant bathrooms. The property currently lacks heating and HVAC systems.
Located on Main Street in Asbury Park, the building provides 11 on-site parking spaces through a dedicated parking lot and off-street parking. Public water and public sewer serve the property. The asset is offered for sale, with leasing also referenced in the property information.
Located on Main Street in Asbury Park, the building provides 11 on-site parking spaces through a dedicated parking lot and off-street parking. Public water and public sewer serve the property. The asset is offered for sale, with leasing also referenced in the property information.
Key Highlights
- 4,250‑square‑foot storefront property on a 0.14‑acre parcel
- 11 on‑site parking spaces with parking lot and off‑street parking
- New roof and new windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,661
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,220
$1.2M
Cap Rate 7%
$866,586
$866.6K
Cap Rate 9%
$674,011
$674.0K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$91.8K $21.60/SF
− Vacancy
−$5.1K −$1.21/SF
EGI
$86.7K $20.39/SF
− OpEx
−$26.0K −$6.12/SF
NOI
$60.7K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,220
Cap Rate 7%
$866,586
Cap Rate 9%
$674,011
Alternative Uses
Best Use
Retail
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.0K – $1.29M
NOI $77,683 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
McDonald's
Dining
9,163 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,128 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,602 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,323 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,080 visits/mo
0.2 miles
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with on-site parking, updated exterior components, and two ADA-compliant restrooms.
Where is this storefront property located?
The property is located at 1111 Main Street Asbury Park, NJ.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: 4,250‑square‑foot storefront property on a 0.14‑acre parcel; 11 on‑site parking spaces with parking lot and off‑street parking; New roof and new windows
