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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.
| 5 days ago | Listing updated with changes from the MLS | |
| 2 weeks ago | Listing first seen online |
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