910 4th Avenue, Asbury Park NJ, 07712

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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Mumoli Collective shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings displayed pursuant to IDX shall show the MLS as the source of the information.

Data last updated 1:53 PM UTC, 5/9/2024