Fully Leased Retail/Office
21 Main Street Asbury Park, NJ 07712
For Sale
$2,500,000
COMMERCIAL - Asbury Park, NJ
Property Size8,020 SF
Lot Size0.09 Acres
Price / SF$311.72
Days on Market101
Property Features for 21 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
On Street
Standard status
Active
APN
04-02409-0000-00003
Size
8,020 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30085
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1919
Floors in Building
1
Listing Agency:
Sackman Realty
(732) 798-8188
Listed By:
Patrick Schiavino · License #8632233
(732) 798-8188
Added: Apr 20
Changed: Jul 17
Last Checked: Jul 29 at 12:06PM
MLS# 22610996
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.
Located at 21 Main Street in Asbury Park’s Main Street Redevelopment Area, this retail/office building is fully leased and currently configured for three separate tenants, including an art gallery, a bike shop, and office space. The property has been nicely restored while preserving the industrial feel and underlying architecture.
In addition to the existing income-producing use, the site is also described as a prime development location. The information provided indicates the ability to expand vertically up to eight stories, with a maximum building height of 90 feet.
The property is listed as being within an Opportunity Zone and a UEZ Zone. Lot size is listed at 0.09 acres, and the building size is provided as 8,020 square feet.
In addition to the existing income-producing use, the site is also described as a prime development location. The information provided indicates the ability to expand vertically up to eight stories, with a maximum building height of 90 feet.
The property is listed as being within an Opportunity Zone and a UEZ Zone. Lot size is listed at 0.09 acres, and the building size is provided as 8,020 square feet.
Key Highlights
- Fully leased retail/office building with 3 separate tenants: art gallery, bike shop, and office space
- Opportunity Zone and UEZ Zone; designated Main Street Redevelopment Area
- Building expansion potential: ability to go up to 8 stories, up to 90 feet
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.6k | $30.00 |
| − Vacancy | −$77.0k | −$9.60 |
| EGI | $163.6k | $20.40 |
| − OpEx | −$40.9k | −$5.10 |
| NOI | $122.7k | $15.30 |
8,020 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.05M
NOI $122,706 @ 7.0% cap · market cap 4.91%
Second Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,472 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,593 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- flowerchildflorals — 21 Main Street Asbury Park, Ocean Township, NJ
Frequently Asked Questions
What type of property is this?
Storefront property - A restored, fully leased building with three tenants, plus redevelopment potential up to eight stories.
Where is this storefront property located?
The property is located at 21 Main Street Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully leased retail/office building with 3 separate tenants: art gallery, bike shop, and office space; Opportunity Zone and UEZ Zone; designated Main Street Redevelopment Area; Building expansion potential: ability to go up to 8 stories, up to 90 feet
