302 1st Avenue, Asbury Park, NJ 07712

$2,699,000
11,250
SqFt
List Price
$2,699,000
Status
ACTIVE
Type
Commercial
MLS#
22130389
Living Area
11,250
Region
Asbury Park (ASB)

Property Description

Great opportunity to purchase the Delmonte Hotel located in an ideal location in thriving Asbury Park. Just outside of redevelopment zone and 3 blocks to wonderful beaches and 3 blocks to to hopping downtown/ Cookman Ave. Over 11,000 sq feet with 52 rooms that are all occupied and rented at a minimum of 900/month per room. 8 common baths and 8 rooms have private baths. Owner is presently running as a hotel but has a current Class A license by the state of NJ as an extended stay (like a boarding or rooming house). Adjacent 50 X 100 lot also for sale. See Mls # 22130391new stucco siding,2 newer boilers and HWH. Worth the effort to renovate and turn into a showcase or keep as it is and benefit from a great return on investment!

Additional Information

Acres
0.11
Taxes
$29,843
Living Area
11,250
Handicap Access
No
Stories
4

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Listing courtesy of Berkshire Hathaway HomeServices Fox & Roach.