Prime Mixed-Use Development
For Sale
$2,499,999
701-703 Monroe Avenue, Asbury Park, NJ 07712
Land in Asbury Park near transit and downtown.
Property Size3,648 SF
Lot Size0.25 Acres
Price / SF$685.31
Days on Market161
Property Features for 701-703 Monroe Avenue
General Information
Standard status
Active
Size
3,648 SF
Lot size
0.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,822
Amenities
On Site
Paver Block
Building Details
Year Built
1965
Listing Agency:
WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY
(732) 449-3322
Listed By:
CHARLES VANDEN-BULCKE
Source:
Corcoran
Added: Mar 19
Changed: Aug 25
Last Checked: Aug 26 at 8:40AM
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 WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire real estate in a rapidly developing area of Asbury Park, situated along the Monroe Avenue corridor near Bangs Avenue. The location is undergoing significant transformation, evidenced by multiple mixed-use projects that have been approved and are currently under construction in the vicinity. The zoning allows for mixed-use developments, specifically retail spaces at street level with residential units above. Nearby approvals support mid-rise construction. The site benefits from strong frontage and visibility, and it is located close to Downtown Cookman Avenue, the Asbury Park Boardwalk, and NJ Transit rail service. Asbury Park has been recognized as a top beach town, and ongoing investment is contributing to population growth, increased tourism, and sustained housing demand. The property size is 3648 square feet.
Key Highlights
- Prime real estate in a rapidly growing area of Asbury Park.
- Zoning permits mixed‑use development (retail/residential).
- Strong frontage and visibility on Monroe Ave corridor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,179
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land in Asbury Park near transit and downtown.
Where is this commercial land located?
The property is located at 701-703 Monroe Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Prime real estate in a rapidly growing area of Asbury Park.; Zoning permits mixed‑use development (retail/residential).; Strong frontage and visibility on Monroe Ave corridor.
