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!
Location
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Courtesy of: Berkshire Hathaway HomeServices Fox & Roach Information Source: Monmouth Ocean Regional REALTORS®
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