Asbury Park, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Asbury Park, New Jersey Market population: 16K. Explore income-producing properties with verified cap rates...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Asbury Park NJ Properties: 1.4400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Asbury Park NJ
Common questions from investors exploring commercial real estate in Asbury Park NJ.
What's the overall investment potential of Asbury Park, NJ, considering its demographics and economy?
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Asbury Park's diverse population, with top ethnicities including Black, White, and White Non-Hispanic, combined with a foreign born rate of 25.1%, suggests a culturally rich and potentially vibrant market. The median household income of $30,983 and a poverty rate of 26.5% indicate a working-class market, while the 81.3% health insurance coverage rate and 26-minute average commute time suggest a degree of employment stability and solid infrastructure for renters.
How does the city's industry landscape impact real estate investment opportunities?
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The top industries in Asbury Park, including Finance & Insurance, Real Estate & Rental & Leasing, Wholesale Trade, and Information, indicate a strong service sector that can support rental demand. With a median property value of $321,300 and a homeownership rate of 24.0%, there may be opportunities for investors to capitalize on the city's growing economy and relatively low homeownership rates, especially considering the average commute time of 26 minutes and public transportation usage of 14.1%.
What are the implications of Asbury Park's poverty rate and health insurance coverage for real estate investors?
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The 26.5% poverty rate in Asbury Park, combined with 81.3% health insurance coverage, suggests a working-class market with some employment stability. This, along with a median household income of $30,983 and an average commute time of 26 minutes, indicates that investors may find opportunities in providing affordable housing options that cater to the needs of local residents, who may be employed in the city's top industries such as Finance & Insurance and Real Estate & Rental & Leasing.
How does the city's commute time and transportation infrastructure affect its attractiveness to investors?
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Asbury Park's average commute time of 26 minutes, with top commute methods including driving alone, working from home, and carpooling, suggests a relatively manageable commute that can attract renters. Additionally, the city's public transportation usage of 14.1% indicates some level of infrastructure support for residents without vehicles, making it an attractive location for investors looking to capitalize on the city's diverse economy and demographic profile, including its foreign born rate of 25.1% and top ethnicities.
What role does ethnic diversity and income inequality play in assessing Asbury Park's real estate market?
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The city's ethnic diversity, with top ethnicities including Black, White, and White Non-Hispanic, contributes to a vibrant cultural landscape that can attract a wide range of residents. However, the income inequality, as indicated by a GINI coefficient of 0.531, and a poverty rate of 26.5%, suggests that investors should be mindful of the potential for disparate market segments and target their investments accordingly, considering factors such as the median property value of $321,300 and the employed population of 6,819.
Asbury Park NJ Real Estate & City Facts
Key facts and real estate information about Asbury Park NJ.
What are some of the best neighborhoods to live in Asbury Park?
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Some of the best neighborhoods to live in Asbury Park include Downtown Asbury Park, Oceanfront and Waterfront Homes, Deal Lake Area, Wanamassa, Arlington by the Sea, Asbury Commons, Asbury Grand, Asbury Heights, and Asbury Park Highlands. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Asbury Park?
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Asbury Park has a lot to offer, including the famous Asbury Park Boardwalk, Silverball Retro Arcade, Paramount Theater, and the Stone Pony. You can also visit the Paranormal Museum, take a stroll along the beach, or go for a swim. If you're looking for something more adventurous, you can try paddleboarding or take a boat tour. There are also plenty of great restaurants and bars to check out, like the Iron Whale and Frank's Deli.
What is the food scene like in Asbury Park?
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The food scene in Asbury Park is diverse and vibrant, with a range of options to suit every taste and budget. Some popular restaurants include Moonstruck, Porta, Brando's Citi Cafe, and Catbird. You can also find great seafood at Local 130 Seafood, or try some Ethiopian and Dominican cuisine at Ada's Gojjo. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Asbury Park?
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Asbury Park has a lot to offer, including a vibrant arts and culture scene, a beautiful beach, and a range of outdoor activities. However, it's also a popular tourist destination, which can mean crowds and noise during the summer months. Additionally, some areas of the city are still recovering from past economic challenges, and there may be issues with crime and safety in certain neighborhoods. On the other hand, Asbury Park is also a city with a strong sense of community, and many residents are passionate about preserving its unique character and charm.
Is Asbury Park a good place to live?
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Whether or not Asbury Park is a good place to live depends on your individual preferences and priorities. If you're looking for a vibrant, diverse community with a range of cultural and outdoor activities, Asbury Park may be a great fit. However, if you're sensitive to noise and crowds, or prioritizing safety and affordability above all else, you may want to consider other options. Ultimately, Asbury Park is a city with a lot to offer, but it's not perfect, and it's worth weighing the pros and cons carefully before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Asbury Park NJ Commercial Property: $30,983
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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