Active

302 1st Avenue

Asbury Park NJ, 07712

$3,299,000


$293.24 per sqft

Active

11,250 sqft

Commercial

Built in 1880

Major Investment opportunity with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in prime Asbury Location!Just outside of redevelopment zone & 3 blocks to both wonderful beaches & a hopping downtown!Over 11,000 sq feet with 50 rooms that are all occupied and rented at an average of over $1100/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers. 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 property or just keep as 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!

22415159

MLS ID

May 30, 2024

Listed

July 13, 2024

Updated

Map

302 1st Avenue
Asbury Park NJ, 07712

Interior Features

Total Stories

4


Floor Description

Vinyl


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Steam

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Corner Lot


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

None


Taxes

$34,848


Tax Frequency

Annually


Garage

No


Parking

On Street


Parking Total

0


View

No


County

Monmouth


Water Source

Public


Pool

No


Waterfront

Yes

Courtesy of The Connolly Agency with Joseph Baumann,
Listing Contact: 732-221-0865 

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Data last updated 12:16 PM UTC, 7/13/2024

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