Mixed-Use Development
For Sale
$2,499,999
701-703 Monroe Avenue, Asbury Park, NJ 07712
Commercial Sale, Asbury Park, NJ
Property Size3,648 SF
Lot Size0.25 Acres
Price / SF$685.31
Days on Market187
Property Features for 701-703 Monroe Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
Main St to Monroe Ave
Standard status
Active
APN
04-02608-0000-00007
Size
3,648 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9822
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Listing Agency:
Ward Wight Sotheby's International Realty
Listed By:
Charles Vanden-Bulcke
(732) 449-3322
Added: Mar 19
Changed: Sep 4
Last Checked: Sep 21 at 12:06AM
MLS# 22607142
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 commercial land parcel is positioned along Monroe Avenue in Asbury Park, with development parameters supporting a mixed-use concept. The stated framework allows retail on the ground floor and residential space above, while nearby approved and active mixed-use projects are shaping the surrounding corridor.
The property is near Bangs Avenue, Downtown Cookman Avenue, the Asbury Park Boardwalk, and NJ Transit rail service. Public water and public sewer serve the site, and the property includes a parking lot. The address is 701-703 Monroe Avenue, Asbury Park, NJ 07712.
The property is near Bangs Avenue, Downtown Cookman Avenue, the Asbury Park Boardwalk, and NJ Transit rail service. Public water and public sewer serve the site, and the property includes a parking lot. The address is 701-703 Monroe Avenue, Asbury Park, NJ 07712.
Key Highlights
- Mixed‑use framework allows ground‑floor retail with residential space above
- Located along Monroe Avenue near Bangs Avenue
- Near Downtown Cookman Avenue, the Asbury Park Boardwalk, and NJ Transit rail service
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 34%
Home Improvements & Furnishings 1%
Burger King
Dining
7,250 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,128 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,091 visits/mo
0.3 miles
PNC Bank
Shops & Services
6,825 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,671 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Parcel supports retail at street level with residential space above.
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: Mixed‑use framework allows ground‑floor retail with residential space above; Located along Monroe Avenue near Bangs Avenue; Near Downtown Cookman Avenue, the Asbury Park Boardwalk, and NJ Transit rail service
