Current Use by Public Records
- Office Spaces
Property Details for 428 Summerfield Ave
- Lot size
- 0.39 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 428 Main Street & 702/704 Summerfield in Asbury Park, New Jersey, presents a unique investment opportunity. The property encompasses a substantial 16,858 square feet across four stories, situated on a 0.39-acre lot. The building is currently zoned CBD and UEZ, offering significant flexibility for various development scenarios. The "as of right" zoning permits construction up to four stories and 45 feet in height, with potential for additional height allowances under certain conditions for low and moderate-income housing. On-site parking is available for 28-32 vehicles, a significant advantage in a vibrant urban setting. The combined 2023 property taxes totaled $29,763. This versatile property is ideal for a range of uses, including mixed-use development, potentially incorporating residential units above retail spaces. The prime location in Asbury Park, Monmouth County, New Jersey (zip code 07712), offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial property with significant development potential in a thriving New Jersey coastal community. The asking price for this exceptional property is $3,750,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.012
- Latitude
- 40.2177
