701-703 Monroe Avenue, Asbury Park, NJ 07712
Monmouth County
Key Facts
Description
Exceptional opportunity to acquire prime real estate in one of the fastest-growing pockets of Asbury Park. Located along the Monroe Ave corridor near Bangs Ave, this site sits in an area undergoing significant transformation, with multiple mixed-use projects approved and under construction nearby. Zoning permits mixed-use development with retail at street level and residential above, with nearby approvals supporting mid-rise construction. Strong frontage and visibility with close proximity to Downtown Cookman Ave, the Asbury Park Boardwalk, and NJ Transit rail service. Asbury Park has been named a top beach town by Travel + Leisure, while nearby Netflix investment is fueling continued population growth, increased tourism, and long-term housing demand.
Property Information
Property Type
Commercial Sale
Year Built
1965
Living Area
3,648 sq ft
Lot Size
0.25 acres
Lot Dimensions
110 x 100
Ownership
Individual(s)
Days on Market
1
MLS® Listing#
22607142
Property Features
Heating
Parking
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$9,822
Tax year 2025
Assessed Value
$560,600
Parcel Number
04-02608-0000-00007
Directions
Main St to Monroe Ave
Affordability Calculator
$500,000
Estimated monthly payment
$13,306/mo
Principal $1,999,999 · Est. interest $2,790,177 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Asbury Park, NJ
- $778,846
- Median Listing Price
- 37
- Median Days on Market
- 1,632
- Median Sq Ft
- $519
- Median Price / Sq Ft
- 269
- Active Listings
- This home’s price is 221% above the area median.
- Its price per sq ft is 32% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Asbury Park, NJ.
Location
Points of Interest in Asbury Park, NJ
Showing the Asbury Park area map.
Nearby Schools
Thurgood Marshall Elementary School
Elementary · 0.1 mi away
Hope Academy Charter School
Elementary · 0.2 mi away
College Achieve Greater Asbury Park Charter School
School · 0.3 mi away
Our Lady of Mt Carmel Church
School · 0.5 mi away
Bradley Elementary School
Elementary · 0.5 mi away
Barrack Obama Elementary School
Elementary · 0.6 mi away
Asbury Park High School
Secondary · 0.7 mi away
Midtown Community Elementary School
Elementary · 0.7 mi away
Sisters Academy of New Jersey
School · 0.7 mi away
Bradley Beach Elementary School
Elementary · 1.2 mi away
Neptune Township School District
School · 1.3 mi away
Little People at Work Preschool
Elementary · 1.3 mi away
Neptune High School
Secondary · 1.4 mi away
Monmouth County Vocational School District
School · 1.4 mi away
Wanamassa Elementary School
Elementary · 1.5 mi away
Neptune Middle School
Secondary · 1.6 mi away
Gables Elementary School
Elementary · 1.7 mi away
Champions at Gables Elementary
Elementary · 1.7 mi away
Search Day Program
School · 1.8 mi away
Neptune City School District
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 70 K Street, Seaside Park, NJ | $1,799,000 | 13 | 5 | 2,417 |
| 3 Buckingham Rd, Lincoln Park Boro, NJ | $1,799,000 | 5 | 6 | 5,500 |
| 12 Rever Dr, Florham Park Boro, NJ | $1,799,000 | 6 | 6 | 4,240 |
| 1201 Ocean Avenue 604, Asbury Park, NJ | $1,850,000 | 2 | 2 | 1,433 |
| 1115 2nd Avenue, Asbury Park, NJ | $1,850,000 | 4 | 4 | 2,375 |
| 84 Bogerts Mill Rd, Harrington Park Boro, NJ | $1,895,000 | 5 | 6 | — |
Moving Cost Estimate
EXIT Agents in Asbury Park
Listing Courtesy: Ward Wight Sotheby's International Realty - 7324493322
Presented by: Charles Vanden-Bulcke