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