701-703 Monroe Avenue Asbury Park, NJ 07712

Building Details

Year Built

1965

Listing office WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY c***@wardwightsir.com Show Phone

Listing date Mar 19, 2026

Source Corcoran

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All listing content including descriptions, pricing, images are the copyrighted material of WARD WIGHT SOTHEBY'S INTERNATIONAL REALTY

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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.

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FAQs

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.