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

Opportunity knocks with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in an Ideal Location. Just outside of a redevelopment zone and 3 blocks to wonderful beaches and 3 blocks to hopping downtown on Cookman Ave. Prime location!!Over 11,000 sq feet with 52 rooms that are all occupied and rented at a minimum of $900/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers and HWH. 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 or keep as it 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!!

22317227

MLSⓇ ID

October 5, 2023

Listed

May 9, 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: $30,425
Tax Frequency: Annually
Days on Market: 116
Garage: No
Parking: On Street
Parking Total: 0
View: No
County: Monmouth
Water Source: Public
Pool: No

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

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Data last updated 12:53 PM UTC, 5/9/2024