$3,400,000
Asbury Park, NJ 07712
MLS# 22408360
14400 sqft
1 / 18
Property Description
Recently renovated 3-story office building centrally located in Asbury Park. Property offers 11,400 square feet of office and 3,000 SF of warehouse space. Property is 100% leased to the Asbury Park Board of Education and rent is guaranteed by the State of NJ. Modified NN lease with the tenant responsible for most maintenance items and a portion of the taxes. Landlord is responsible for roof & structure, insurance and major repairs. Lease commits tenant through April of 2026. At that time, owner may choose to renegotiate a lease extension with the current tenant at current market rents or take advantage of potential development opportunities represented by one of the most exciting and rapidly developing cities on the jersey Shore. Developers go for approvals while collecting rent.
Details
Maps
Contract Info
Status: Active
List Date: 2024-03-27
Property Sub-Type: Office
Sale: Yes
Lease: No
List Price: $3,400,000
Current Price: $3,400,000
List Price/SqFt: 236.11
Location
House Number: 910
Street Name: 4th
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Area/Section: NW Asbury Pk
Directions: Asbury Avenue East to Memorial Drive. Turn left on Memorial Drive and go to 4th Avenue and turn left. Building is on the left side of the street.
General Property Info
# Levels: 3
# Elevators: 1
Available SqFt: 14400
Office SqFt: 14400
Apx SqFt: 14400
Apx Year Built: 1914
Garage: Yes
# Car Garage: 10
Acreage: 0.34
Lot Dimensions: 100 x 150
Tax and Legal
Asmnt - Total: 2114200
Taxes: 32686
Tax Year: 2023
Property Features
Use: Professional/Office
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 200 - 400 AMP
Parking: On Site
Assessment Status: Assessed
Documents Available: Lease; Survey
Listing Office: Sackman Realty
Listing Agent: Patrick Schiavino
Last Updated: April - 02 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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