1104, 1106-1108 Main Street, Asbury Park

Investment Overview

A multi-family redevelopment at the heart of the Jersey Shore's strongest market. A rare opportunity to develop a boutique multifamily residential project on Asbury Park's primary transit corridor. The subject site is a hard corner delivering approximately 175 feet of Main Street frontage and 21 on-site parking spaces, nine blocks from the NJ Transit Asbury Park station and nine blocks from the Cookman Avenue dining and retail core in a market that has produced double-digit annual residential appreciation, a downtown median sale price approaching $1.6M, and 1-bedroom rents north of $3,000 per month.

Investment Highlights

• 16,000 SF building on Main Street
• Corner lot with 175 feet of frontage
• 21 on-site parking spaces
• Located within Main Street Redevelopment Plan area
• Ideal for mixed-use multifamily building
• Offered for sale at $2,500,000
• Delivered as redevelopment opportunity
• Vacant possession at closing