Specialty Real Estate - For Sale
408 7th Avenue Asbury Park, NJ 07712
Details & Description
Price: $4,100,000
  • Property Type Specialty for Sale : Hotel/Motel/Resort
  • Lot Size Acres 0.213
  • Building Sq Ft 9,817
  • Building Price per Sq Ft $417.64
  • Land Sq Ft 9,278
  • Land Price per Sq Ft $441.91
Profitable year-round 20-room, three-story hotel with full-service restaurant and bar seeks new ownership to take the enterprise to the next level.
Property Highlights
Additional Photos
Listing Agents
Suzanne Crosby

O: 732-449-2000
crosby@sitarcompany.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

408 7th Avenue

Asbury Park, NJ 07712

Listing ID: 281220
$4,100,000
For Sale
  • Property Type Specialty for Sale : Hotel/Motel/Resort
  • Lot Size Acres 0.213
  • Building Sq Ft 9,817
  • Building Price per Sq Ft $417.64
  • Land Sq Ft 9,278
  • Land Price per Sq Ft $441.91
  • 408 7th Avenue Asbury Park, NJ 07712 | for Sale | Photo 1
  • 408 7th Avenue Asbury Park, NJ 07712 | for Sale | Photo 2
  • 408 7th Avenue Asbury Park, NJ 07712 | for Sale | Photo 3
  • 408 7th Avenue Asbury Park, NJ 07712 | for Sale | Photo 4
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Property Highlights
 Acclaimed restaurant serving to the local community throughout the year
 Plenary 33 liquor license included in sale.
 Additional revenue from single-office tenant on yearly lease
 Gut renovations completed in 2008
 Current absentee ownership seeking next phase of life
 20 hotel rooms
 Inground pool
 Off-street parking
 Taxes $24,860 2020
Description

Profitable year-round 20-room, three-story hotel with full-service restaurant and bar seeks new ownership to take the enterprise to the next level.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Jersey City History of Specialty Real Estate for Sale

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Asbury Park Area Market Trends

Listing Demographics for 408 7th Avenue Asbury Park, NJ 07712

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population15,27463,803141,240
Population Median Age424242
Population by Age0-9 Yrs1371 (8%)6183 (9%)13682 (9%)
10-19 Yrs983 (6%)6896 (10%)15538 (11%)
20-29 Yrs2399 (15%)8714 (13%)18449 (13%)
30-39 Yrs2511 (16%)8136 (12%)17334 (12%)
40-49 Yrs1856 (12%)6813 (10%)15201 (10%)
50-59 Yrs2377 (15%)10783 (16%)22633 (16%)
60-69 Yrs2117 (13%)8626 (13%)19078 (13%)
70+ Yrs1660 (10%)7653 (11%)19325 (13%)
Median HH Income$58,691$69,936$75,575
Total Household Income< 24K2129 (27%)5688 (20%)10100 (16%)
25-49K1343 (17%)4902 (17%)10275 (17%)
50-74K991 (12%)4179 (14%)9514 (15%)
75-99K847 (10%)3152 (11%)7145 (11%)
100-199K1560 (20%)6843 (24%)16309 (27%)
200K+852 (11%)3163 (11%)6765 (11%)
Highest Education LevelNo Diploma122543098499
Diploma or GED29811192826203
Some College2174880319196
Assoc. Degree49929736693
Bachelors Degree29841149725927
Higher Degree1973730616465
Total Housing Units9,88135,04773,959
--Owner-Occupied2,44014,26634,794
--Renter-Occupied5,28213,66225,313
Owner-Occupied Values< 100K294671059
100-199K1148921616
200-299K32326736418
300-399K41235318989
400-499K41822076113
500K+1142449610601
Total Working Age Population13,25153,473118,655
In Work Force9,11735,53177,428
Not In Work Force4,13517,94241,228
Workforce Employed8,39733,26072,680
Workforce Unemployed7202,2524,676
Civlian Workforce9,11735,51277,356
Military Workforce01971
Total Households7,72227,92760,107
Family Households3,03415,10234,453
Non-Family Households4,68812,82525,655
Married Couple2,00010,31625,260
Other Family1,0344,7869,193
Married w/Child4623,0718,108
Single Male w/Child1315721,069
Single Female w/Child3821,9433,095

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Monmouth County615,301+2630,3800633,400+3655,300
Ocean County510,916+13576,567+4600,300+7644,100

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
John F Kennedy International Airport (JFK) 31
Newark Liberty International Airport (EWR) 33
La Guardia Airport (LGA) 39