52-Room Hospitality
For Sale
Contact for pricing
Pending
302 1st Ave, Asbury Park, NJ 07712
Currently configured as a rooming house with updated exterior cladding, boiler systems, and water-heating equipment.
Property Size11,000 SF
Lot Size0.23 Acres
Days on Market143
Property Features for 302 1st Ave
General Information
Standard status
Pending
Size
11,000 SF
Lot size
0.23 Acres
Property subtype
Hospitality
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
Worth the effort to renovate
Additional Details
Multifamily Units
52
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
The Connolly Agency Real Estate
Listed By:
Joseph Baumann · License #NJ 9134474
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Connolly Agency Real Estate
Investment Insights
Based on property information with market context.
This hospitality property is currently operated as a rooming house with 52 rooms across more than 11,000 square feet. Eight rooms include private baths, while eight common baths serve the remaining accommodation areas. Recent physical improvements include new stucco siding, two newer boilers, and newer HWH equipment.
The sale includes an adjacent vacant 50-by-100-foot lot, creating a combined 100-by-100-foot property. The site is three blocks from the beach and three blocks from downtown Cookman Avenue, and it sits just outside a redevelopment zone. The property is located at 302 1st Ave in Asbury Park, New Jersey.
The sale includes an adjacent vacant 50-by-100-foot lot, creating a combined 100-by-100-foot property. The site is three blocks from the beach and three blocks from downtown Cookman Avenue, and it sits just outside a redevelopment zone. The property is located at 302 1st Ave in Asbury Park, New Jersey.
Key Highlights
- 52 rooms within more than 11,000 square feet
- Eight rooms have private baths; eight common baths serve the property
- New stucco siding, two newer boilers, and newer HWH equipment
Property Analytics
Property Profile
Current Use
Lease Details
52
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Currently configured as a rooming house with updated exterior cladding, boiler systems, and water-heating equipment.
Where is this hotel located?
The property is located at 302 1st Ave Asbury Park, NJ.
What are key features of this property?
This property features: 52 rooms within more than 11,000 square feet; Eight rooms have private baths; eight common baths serve the property; New stucco siding, two newer boilers, and newer HWH equipment
