Build your Asbury Park dream home on an oversized lot, or develop income producing units close to downtown Cookman Avenue and Main Street.3 adjacent lots are being offered: 704, 706, and 710 Monroe Avenue. Combined total of 7700sq ft. (77x100)One lot has a structure which is uninhabitable, but has been completely prepped for demolition. Two lots are vacant, level, and ready for building.Seller has architectural plans and renderings for two 2-family homes pending city approval for variances. These lots are currently zoned R-1 for single family residential. However, the City has adopted the new Master Plan recommendations which, when implemented, would designate these lots as R-3, allowing multi-family medium density without a variance.This property is currently classified as "Class 4A" in Tax Records. Converting this to residential use, or "Class 2" would make it eligible for a 5 year 30% tax exemption under Asbury Park Ordinance 3059.
|Price Reduced from $649,000 to $599,000|
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