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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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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11,250SQFT
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$240$/SQFT
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!
© 2022 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 Provident Legacy Real Estate Services, LLC. Data last updated 2022-07-06T21:20:24.63.
Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Joseph Baumann of Berkshire Hathaway Homeservices Fox & Roach.