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910 4th Avenue,  Asbury Park NJ, 07712

(Active)
$3,400,000
|
14,400 sqft
|
MLS# 22408360
Last Updated: 5/4/2024 9:20 PM
Description for 910 4th Avenue Asbury Park, NJ 07712
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.
Price
$3,400,000
Monmouth
14,400 (approx)
22408360
Active
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.
Listing Information
Property Type: Office, Business Opportunities, 3+ Story
0.34 Acres 14,400 (approx) 1914
Yes-10 spaces 3
Public
Public Sewer
Neighborhood
Room Information
Exterior / Lot Features
10 Garage Spaces, On Site
100 x 150
Driving 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.
Financial Considerations
04-00302-0000-00005
$32,686
Listing Price History

Asbury Park Real Estate

Asbury Park is located in New Jersey. Asbury Park, New Jersey 07712 has a population of 17,030.

The median household income for the surrounding county is $103,920 compared to the national median of $66,222. The median age of people living in Asbury Park 07712 is 43 years.

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Courtesy: Patrick Schiavino - Sackman Realty
This content last refreshed on 5/4/2024 9:20 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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