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1183 Main St 8,000 sq ft Vacant Retail Property Asbury Park, NJ 07712 £2,247,719 (£280.96/sq ft) 4.69% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy Traffic
- Prime area
EXECUTIVE SUMMARY
Greetings from Asbury Park! where opportunity awaits in this newly built building boasting over 8000 square feet of prime retail space. Enjoy the convenience of private parking as you attract customers just blocks away from the bustling Asbury Park nightlife. With the beach and iconic Asbury Boardwalk just a short distance away, your business will thrive in this vibrant coastal community. Don't miss out on the chance to be part of the excitement in one of New Jersey's most dynamic destinations. Seize the moment and make your mark in Asbury Park!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
8,000 sq ft
Costar Property Class
C
Year Built
2023
Price
£2,247,719
Price per sq ft
£280.96
Yield
4.69%
NOI
£105,418
Occupancy Rate
Vacant
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.17
Total Plot Size
0.16 ac
Opportunity Zone
Yes
Use Class
C-0
Frontage
50 ft on Main St
Walk Score®
Excellent pedestrian access (93)
Bike Score®
Good for cycling (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-02804-0000-00003 | Improvements Assessment | £282,538 (2025) |
| Land Assessment | £210,611 (2025) | Total Assessment | £493,150 (2025) |
PROPERTY TAXES
Parcel Number
04-02804-0000-00003
Land Assessment
£210,611 (2025)
Improvements Assessment
£282,538 (2025)
Total Assessment
£493,150 (2025)
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1183 Main St
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