288 Asbury Anderson Rd Asbury, NJ 08802-1040
This exceptional commercial property at 288 Asbury Anderson Road, Asbury, NJ, presents a remarkable opportunity for entrepreneurs. Boasting 6,000 square feet on a 2.96-acre lot, this general commercial building is ideally suited for a restaurant and catering business. The property includes a significant advantage: a Class C Broad Liquor License, already in place and transferable with the sale. This license significantly reduces the time and expense associated with establishing a food and beverage operation. The building itself features a large banquet room, naturally lit and capable of hosting events for 125-150 guests. Ample on-site parking is available, accommodating approximately 80 vehicles. Adding to the convenience and appeal, an on-site one-bedroom apartment provides comfortable living quarters for the owner-operator, eliminating the need for separate housing. This turnkey operation offers a unique blend of commercial space, licensing, and residential convenience, making it an attractive investment for those seeking to establish or expand their business in a thriving location. The asking price is $1,250,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Asbury, NJCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.