Freestanding Retail Investment
1700 Asbury Avenue Asbury Park, NJ 07712
New
For Sale
$1,700,000
COMMERCIAL - Asbury Park, NJ
Property Size6,600 SF
Lot Size0.26 Acres
Price / SF$257.58
Days on Market2
Property Features for 1700 Asbury Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
APN
35-00704-0000-00005
Size
6,600 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18895
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Listing Agency:
Daunno Realty Services
(732) 396-3995
Listed By:
Rudolph Daunno
(732) 396-3995
Added: Jul 27
Last Checked: Jul 28 at 8:06AM
MLS# 22622920
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 for-sale property is a freestanding retail investment building situated on a 0.26-acre lot. The building size is listed at 6,600 square feet.
Located at 1700 Asbury Avenue in Asbury Park, New Jersey, the offering is positioned along the city’s commercial corridor.
The property’s commercial retail investment focus is supported by the listing details and property type classification.
Located at 1700 Asbury Avenue in Asbury Park, New Jersey, the offering is positioned along the city’s commercial corridor.
The property’s commercial retail investment focus is supported by the listing details and property type classification.
Key Highlights
- Freestanding retail investment building
- Built in 1940
- Public water service
Financial Insights For Retail
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 | $142.6k | $21.60 |
| − Vacancy | −$8.0k | −$1.21 |
| EGI | $134.6k | $20.39 |
| − OpEx | −$40.4k | −$6.12 |
| NOI | $94.2k | $14.27 |
6,600 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,204 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$903.8K
$790.9K – $1.05M
NOI $63,268 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,637 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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- CP Creative by Copiers Plus — 935 West Ave, Ocean City, NJ 08226
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding retail investment building for sale in Asbury Park, NJ, totaling 6,600 square feet on 0.26 acres.
Where is this auto shop located?
The property is located at 1700 Asbury Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Freestanding retail investment building; Built in 1940; Public water service
