Mixed-Use Retail and Office
New
For Sale
$2,500,000
21 Main Street, Asbury Park, NJ 07712
Commercial Sale, Asbury Park, NJ
Property Size7,600 SF
Lot Size0.09 Acres
Price / SF$328.95
Days on Market2
Property Features for 21 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 features
On Street
Directions
Rt. 35 to Main Street. Turn left. Building is located on left
Subdivision
SW Asbury Pk
Standard status
Active
APN
04-02409-0000-00003
Size
7,600 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, office
Property Use
Retail/Office
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
Building materials
Block, Brick
Buildings
1
Listing Agency:
Sackman Realty
Listed By:
Patrick Schiavino · License #0454705
(732) 798-8188
Added: Nov 3
Last Checked: Nov 4 at 5:06PM
MLS# 22634703
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.
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Investment Insights
Based on property information with market context.
This 7,600-square-foot mixed-use building sits on a 0.09-acre parcel and dates to 1919. The restored property retains an industrial architectural character and includes a basement. Heating is provided by forced air, with central air conditioning; water and sewer service are public. On-street parking is available.
The building is in a Main Street Redevelopment Area, an Opportunity Zone, and a UEZ Zone. The stated development parameters allow construction up to 8 stories, with a maximum height of 90 feet.
The building is in a Main Street Redevelopment Area, an Opportunity Zone, and a UEZ Zone. The stated development parameters allow construction up to 8 stories, with a maximum height of 90 feet.
Key Highlights
- 7,600‑square‑foot building on a 0.09‑acre parcel
- Fully leased to three tenants: an art gallery, a bike shop, and office space
- Main Street Redevelopment Area; stated parameters allow up to 8 stories and 90 feet in height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,477
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,540
$2.2M
Cap Rate 7%
$1,549,671
$1.5M
Cap Rate 9%
$1,205,300
$1.2M
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$164.2K $21.60/SF
− Vacancy
−$9.2K −$1.21/SF
EGI
$155.0K $20.39/SF
− OpEx
−$46.5K −$6.12/SF
NOI
$108.5K $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%
$2,169,540
Cap Rate 7%
$1,549,671
Cap Rate 9%
$1,205,300
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,477 @ 7.0% cap · market cap 4.34%
Second Best
Mixed Use
$1.47M
$1.28M – $1.71M
NOI $102,600 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,916 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,125
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
Burger King
Dining
7,250 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,091 visits/mo
0.2 miles
PNC Bank
Shops & Services
6,825 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,671 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,323 visits/mo
0.3 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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three tenant businesses occupy the fully leased property, including an art gallery, a bike shop, and office space.
Where is this mixed-use 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: 7,600‑square‑foot building on a 0.09‑acre parcel; Fully leased to three tenants: an art gallery, a bike shop, and office space; Main Street Redevelopment Area; stated parameters allow up to 8 stories and 90 feet in height
