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    515 Lake Ave Asbury Park, NJ 07712

    For Sale
    $2,000,000

    LAND - Asbury Park, NJ

    Days on Market:
    81
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 515 Lake Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    04-03105-0000-00001-02

    Utilities

    Water front features
    Lake Front
    Water front
    1

    Sakman Realty (732) 679-8818 [email protected]

    Listing agent Patrick Schiavino (732) 798-8188

    Listing date Sep 17, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Building Lot in Asbury

    This is a rare opportunity to purchase a building lot in the Central Business District of Asbury Park, just outside of the Waterfront Redevelopment Area. This lakefront property is flat and clean, with all utilities at the curb. The property borders Kennedy Park to the east, providing unobstructed views of the park and Wesley Lake. Zoning allows for a mixed-use building with apartments or condos over retail. There is also room for off-street parking on site depending on the site plan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.00857
    Latitude
    40.216125

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    FAQs

    What type of property is this?
    Commercial land - Rare opportunity: lakefront building lot in Asbury Park's Central Business District.
    Where is this commercial land located?
    The property is located at 515 Lake Ave Asbury Park, NJ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Rare building lot in Asbury Park's Central Business District.; - Lakefront property with unobstructed views of Kennedy Park and Wesley Lake.; - Zoning allows for mixed-use building (apartments/condos over retail).
    (732) 798-8188
    Request Owner's contact information
    515 Lake Ave Asbury Park, NJ 07712
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    Asbury Park, NJ 07712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Lake Ave Asbury Park, NJ 07712
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