Commercial Building with On-Site
For Sale
$2,950,000
1405 State Route 35 Unit 1405, Asbury Park, NJ 07712
Approx. 14,000 sq ft building designed for flexible office, medical, or showroom use with on-site parking and easy access.
Property Size13,814 SF
Price / SF$213.55
Days on Market81
Property Features for 1405 State Route 35 Unit 1405
General Information
Standard status
Active
Size
13,814 SF
Property subtype
General Commercial
Building Details
Year Built
1973
Listing Agency:
Town & Country Real Estate Consultants
(732) 618-0787
Listed By:
Esther Ashkenazi
(732) 618-0787
Source:
Xome
Added: May 11
Changed: Jul 10
Last Checked: Jul 16 at 6:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Town & Country Real Estate Consultants
Investment Insights
Based on property information with market context.
This approx. 14,000 sq ft commercial building offers a flexible interior layout intended to support a wide range of business uses. The property is positioned for long-term use, with an efficient footprint and adaptable space that can accommodate build-out to better match tenant or owner-occupant needs. The offering is described as suitable for either a single user occupancy or a partial owner-occupant scenario.
The building is located at 1405 State Route 35 Unit 1405 in Ocean Twp, NJ, with access designed to serve clients, staff, and deliveries. Public remarks also note strong highway visibility and the convenience of on-site parking, which can help streamline day-to-day operations and customer access.
For an end user, this is an opportunity to own a purpose-flexible commercial asset and align the space with an office, medical, professional, showroom, or mixed commercial operation. For buyers evaluating partial owner-occupancy, the described flexibility can support operating requirements while retaining the option to tailor portions of the building for additional use. The property’s configuration is centered on enabling control over the premises rather than relying on a landlord-tenant setup.
The building is located at 1405 State Route 35 Unit 1405 in Ocean Twp, NJ, with access designed to serve clients, staff, and deliveries. Public remarks also note strong highway visibility and the convenience of on-site parking, which can help streamline day-to-day operations and customer access.
For an end user, this is an opportunity to own a purpose-flexible commercial asset and align the space with an office, medical, professional, showroom, or mixed commercial operation. For buyers evaluating partial owner-occupancy, the described flexibility can support operating requirements while retaining the option to tailor portions of the building for additional use. The property’s configuration is centered on enabling control over the premises rather than relying on a landlord-tenant setup.
Key Highlights
- Approx. 14,000 sq ft commercial building built in 1973
- Flexible design suited for office, medical, professional, showroom, or mixed commercial uses
- Can work for single‑user occupancy or partial owner occupancy
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 | $414.4k | $30.00 |
| − Vacancy | −$132.6k | −$9.60 |
| EGI | $281.8k | $20.40 |
| − OpEx | −$70.5k | −$5.10 |
| NOI | $211.4k | $15.30 |
13,814 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,354 @ 7.0% cap · market cap 7.16%
Second Best
Healthcare Medical
$2.94M
$2.57M – $3.43M
NOI $205,685 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,498 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Approx. 14,000 sq ft building designed for flexible office, medical, or showroom use with on-site parking and easy access.
Where is this office building located?
The property is located at 1405 State Route 35 Unit 1405 Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approx. 14,000 sq ft commercial building built in 1973; Flexible design suited for office, medical, professional, showroom, or mixed commercial uses; Can work for single‑user occupancy or partial owner occupancy
