706 Monroe Avenue, Asbury Park, 07712

Land / Lot - Residential For Sale in Se Asbury Pk


MLS® #: 21806570

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 & Status History

Date Details
Price Reduced from $649,000 to $599,000

Essential Information

MLS® #: 21806570
Price: $599,000
Square Footage: 0.00
Acres: 0.00
Type: Land / Lot
Sub-Type: Residential
Status: Active

Community Information

Address: 706 Monroe Avenue
Area: Asbury Park
Subdivision: Se Asbury Pk
City: Asbury Park
County: Monmouth
State: NJ
Zip Code: 07712


Is Waterview: No


Lot Description: Subdividable, Cleared

Listing Details

Listing Agent: Ryan J Coutu
Listing Office: John C. Conover Agency

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 County Association of REALTORS®, and is updated as of March 20th, 2018 at 3:20am EDT (date/time). 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.