502 Grand Ave Asbury Park, NJ 07712-6611
- Day care centers
- 9,748 SF
- 0.40 lot acres
Current Use by Public Records
- Day care centers
Property Details for 502 Grand Ave
- Year built
- 1955
- Lot size
- 0.40 lot acres
- Property size
- 9,748 SF
- Zone code
- WPRA
- Property type
- Day care centers
- APN
- 04 03209-0000-00001
- APU
- 403209000000001
Description
This exceptional single-tenant retail property, located at 502 Grand Avenue in Asbury Park, New Jersey, offers 9,748 square feet of versatile space on a 0.398-acre lot. The building is a single-story structure with ample parking for 14 cars, providing convenient access for customers and employees. The property is zoned WRA, offering flexibility for a variety of retail uses. The entire 9,748 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent location in a vibrant community. Situated in Monmouth County, this property benefits from excellent visibility and accessibility on Grand Avenue in Asbury Park, NJ, zip code 07712. The location offers high foot traffic and proximity to other businesses and amenities. This is an ideal space for a retailer looking to establish a strong presence in a thriving market. The property's size and layout provide ample room for customization to suit specific business needs. With its convenient parking and prime location, this property is poised for success. The property is available for lease.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,305,000
- 6.5%
- $1,245,000
- 7%
- $1,385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,550,000
- Geo Method
- $1,385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,210,000
- Retail
- $1,545,000
- Mixed-Use
- $1,485,000
- Hospitality
- $1,485,000
- Educational
- $1,395,000
- Residential Income
- $1,390,000
- Energy
- $1,500,000
- Income-Based Land
- $1,425,000
- Food Service
- $1,585,000
Location Insight
- Map
- Local Demand
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0075
- Latitude
- 40.2176
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
