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    302 1st Avenue

    Asbury Park, NJ 07712
    • $2,699,000
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 22130389
    New On Site 6 Days Ago
    UPDATED: 37 min ago
    $2,699,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,250
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    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!

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    © 2021 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The DeMoro Realty Group | Keller Williams Realty West Monmouth. Data last updated 2021-09-21T15:19:45.98.
    www.thedemororealtygroup.com/homes/121412578
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    302 1st Avenue Asbury Park, NJ 07712

    • Price: $2,699,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 22130389
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    11,250
    SQFT
    $240
    $/SQFT
    Neighborhood:
    Asbury Park (ASB)
    County:
    Monmouth
    Area:
    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!
    Exterior Features

    Construction Siding Stucco Exterior Fire Escape Garage No Location Other - See Remarks Lot Description See Remarks Lot Dimensions 50 X 100 Parking Driveway On Street Parking Spaces 0.00 Roof Flat Water Type Oceanview

    Interior Features

    Basement PartialWalk-Out Access Elevators 0.00 Floors ConcreteVinyl Heat Fuel Natural GasSteam Rental Units 51 Water Heater Natural Gas

    Property Features

    Assessment Land 650000.00 Assessment Status Assessed Assessment Total 1894800.00 Business Name Delmonte Hotel Business Operating Yes Commercial Type Commercial Common Features Resident Manager Documents Available Aerial PhotoSurvey Electric1 Other - See Remarks Farm Assessed No Franchise No Gas On Site Handicap Access No Improvements Assessment 1244800.00 Landlord Pays ElectricityGasHeatInsuranceMaintenanceSewerTaxesWaterYard Maintenance Lease No Sale Yes Sale Includes License Sewer Public Sewer Tax Year 2020 Taxes 29843.00 Use Hotel/MotelOther Water Public Water Zoning Non-Conforming

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Joseph Baumann of Berkshire Hathaway Homeservices Fox & Roach.


    © 2021 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The DeMoro Realty Group | Keller Williams Realty West Monmouth. Data last updated 2021-09-21T15:19:45.98.
     
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    The DeMoro Realty Group | Keller Williams Realty West Monmouth
    Grosso Office Park, 50B Route 9 N.
    Morganville NJ, 07751