Retail Space with High
For Sale
Contact for pricing
614 Cookman Avenue Suite 5, Asbury Park, NJ 07712
A vanilla-box interior and an available liquor license support bar or restaurant use.
Property Size3,357 SF
Price / SF$0.01
Days on Market299
Property Features for 614 Cookman Avenue Suite 5
General Information
Standard status
Active
Size
3,357 SF
Property subtype
Retail
Additional Details
Liquor License
Yes
Amenities
high ceilings
Building Details
Year Built
1956
Listing Agency:
Sackman Realty
Listed By:
Matthew Warncke · License #1859482
(732) 798-8188
Source:
Defelicerealtygroup
Added: Jan 5
Changed: Oct 31
Last Checked: Oct 31 at 3:00AM
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 Sackman Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,357-square-foot retail space has a vanilla-box interior and high ceilings. The property was built in 1956, and a liquor license is available with the space.
Located on Cookman Avenue in downtown Asbury Park, the suite is identified as Suite 5 at 614 Cookman Avenue. Its configuration and available license are suited to bar or restaurant use.
Located on Cookman Avenue in downtown Asbury Park, the suite is identified as Suite 5 at 614 Cookman Avenue. Its configuration and available license are suited to bar or restaurant use.
Key Highlights
- 3,357 SF of retail space
- High ceilings and vanilla‑box condition
- Liquor license available with the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,915
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,300
$958.3K
Cap Rate 7%
$684,500
$684.5K
Cap Rate 9%
$532,389
$532.4K
Market Conditions
NOI Build-Up for 3,357 SF
Gross rent
$72.5K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$68.5K $20.39/SF
− OpEx
−$20.5K −$6.12/SF
NOI
$47.9K $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%
$958,300
Cap Rate 7%
$684,500
Cap Rate 9%
$532,389
Alternative Uses
Best Use
Specialty Retail
$733.4K
$641.7K – $855.6K
NOI $51,338 @ 7.0% cap · market cap 183,350.00%
Second Best
Retail
$684.5K
$598.9K – $798.6K
NOI $47,915 @ 7.0% cap · market cap 171,125.00%
Theoretical Best
Office A
$876.6K
$767.0K – $1.02M
NOI $61,361 @ 7.0% cap · market cap 219,146.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 39%
Home Improvements & Furnishings 2%
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
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A vanilla-box interior and an available liquor license support bar or restaurant use.
Where is this retail space located?
The property is located at 614 Cookman Avenue Suite 5 Asbury Park, NJ.
What are key features of this property?
This property features: 3,357 SF of retail space; High ceilings and vanilla‑box condition; Liquor license available with the space
