Active
910 4th Avenue
Asbury Park NJ, 07712
$3,400,000
$236.11 per sqft
Active
14,400 sqft
Commercial
Built in 1914
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.
22408360
MLSⓇ ID
March 27, 2024
Listed
May 9, 2024
Updated
Map
910 4th Avenue
Asbury Park NJ, 07712
Interior Features
Total Stories
3
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.34 Acres
Sewer
Public Sewer
Other Property Details
Area Name
NW Asbury Pk
Taxes
$32,686
Tax Frequency
Annually
Days on Market
6
Garage
Yes
Garage Spaces
10
Parking
On Site
View
No
County
Monmouth
Water Source
Public
Pool
No
Courtesy of Sackman Realty with Patrick Schiavino,
Listing Contact: 732-798-8188
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Data last updated 1:53 PM UTC, 5/9/2024