$3,299,000
Asbury Park, NJ 07712
MLS# 22317227
11250 sqft
1 / 28
Property Description
Opportunity knocks with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in an Ideal Location. Just outside of a redevelopment zone and 3 blocks to wonderful beaches and 3 blocks to hopping downtown on Cookman Ave. Prime location!!Over 11,000 sq feet with 52 rooms that are all occupied and rented at a minimum of $900/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers and HWH. Adjacent vacant 50 X 100 lot is included in the sale making the total property 100x100. Worth the effort to renovate and turn into a showcase or keep as it is and benefit from a great return on investment. Don't miss the chance to be a part of the exciting City by the Sea, Asbury Park!!
Details
Maps
Contract Info
Status: Active
List Date: 2023-10-05
Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price: $3,299,000
Current Price: $3,299,000
List Price/SqFt: 293.24
New Construction: No
Location
House Number: 302
Street Name: 1st
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Area/Section: None
Directions: Ocean Avenue to west on First or Grand to east on First.
General Property Info
Handicap Access: No
# Levels: 4
Available SqFt: 11250
Apx SqFt: 11250
Apx Year Built: 1880
Garage: No
Acreage: 0.11
Lot Dimensions: 100 x 100
Business Operating: Yes
Tax and Legal
Asmnt - Total: 1954100
Taxes: 30425
Tax Year: 2022
Income & Expenses
# Rental Units: 50
Property Features
Location: Other - See Remarks; Other - See Remarks
Use: Hotel/Motel; Other
Floors: Vinyl
Basement: Partial; Walk-Out Access
Heating: Natural Gas; Steam
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: On Street
Construction/Siding: Stucco
Roof: Flat
Sale Includes: License
Zoning: Residential
Lot Description: Corner Lot
Water Type: Oceanview
Common Elements: Resident Manager
Landlord Pays: Electricity; Gas; Heat; Insurance; Maintenance; Sewer; Taxes; Water; Yard Maintenance
Assessment Status: Assessed
Documents Available: Aerial Photo; Survey
Financing: Cash
Listing Office: The Connolly Agency
Listing Agent: Joseph Baumann
Last Updated: October - 05 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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 Ocean Regional REALTORS®, and site contains live data. 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.
Broker Attribution:
732-221-0865