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Property profile & analytics
OFF-MARKET
Commercial real estate

288 Asbury Anderson Rd Asbury, NJ 08802-1040

2.96 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US59-3111306
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 2.96 ac (128,938 SF)
Zoning code C-1
APN 05 00048-0000-00027
UPID US59-3111306
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Park Hill Properties LLC · 1 yrs held
Park Hill Properties LLC
since 2025
Last sale
$445,000
7 recorded transactions
2025
Price N/A
2024
$445,000
2024
Price N/A
2021
$150
2014
$175,000
2013
Price N/A
2005
$795,000
Zoning & alternative use
C-1 · Asbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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