302 1st Avenue, Asbury Park NJ, 07712

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

August 28, 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
Days on Market: 90
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 8:12 PM UTC, 8/28/2024