• Asking Price $3,299,000

  • 302 1ST AVE ASBURY PARK, NJ 07712

  • 11,250 SqFt
  • Commercial / Resale (MLS)
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Property Details for 302 1ST AVE, ASBURY PARK, NJ 07712

Features

  • Price/sqft: $293
  • Lot Size: 5000 sq. ft.
  • Total Units: 50
  • Heating: Steam Heating

Facts

  • Year Built: 01/01/1880
  • Property ID: 877557522
  • MLS Number: 22415159
  • Parcel Number: 04 03306-0000-00002
  • Property Type: Commercial
  • County: MONMOUTH
  • Zoning: R1
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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!

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Property Brokerage: The Connolly Agency 216 Main Street Avon By The Sea NJ 7717
Copyright © 2024 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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