$4,800,000
Asbury Park, NJ 07712
MLS# 22329137
Status: Closed
20000 sqft
1 / 10
Property Description
One of the last remaining development sites in the downtown. Whether you are looking to purchase and operate your own business or develop as an investment property, 574 Cookman is a perfect acquisition located in an opportunity zone. This property has a variety of commercial and residential uses, but a prime location for a restaurant. Please contact agent for additional information.
Details
Contract Info
Status: Closed
List Date: 2023-10-18
Property Sub-Type: Commercial
Sale: Yes
Lease: Yes
Sold Price: $4,800,000
Current Price: $4,800,000
List Price/SqFt: 295
Lease Price: 5900000
Lease Price Per/SqFt: 295
New Construction: No
Location
House Number: 574
Street Name: Cookman
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Area/Section: SE Asbury Pk
Directions: In the heart of Asbury Park's central business district
General Property Info
# Levels: 3
# Elevators: 1
Apx SqFt: 20000
Apx Year Built: 1919
Garage: No
Acreage: 0.09
Lot Dimensions: 48 x 130
Business Operating: No
Tax and Legal
Asmnt - Total: 2432100
Taxes: 37753
Tax Year: 2022
Status Change Info
Under Contract Date: 2024-02-23
Sold Date: 2024-05-31
Sold Price: $4,800,000
Property Features
Use: Art/Frame; Bakeries/Shop; Bar/Tavern/Lounge; Bowling Alley; Medical; Night Club; Pizza; Professional Service; Professional/Office; Restaurant; Retail
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: On Street
Assessment Status: Assessed
Listing Office: Sackman Realty
Listing Agent: Morgan Sackman
Last Updated: June - 24 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.