Specialty Real Estate
408 7th Avenue Asbury Park, NJ 07712

Details & Description

Price: $4,100,000

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 ID: 281220
Property URL: melqr.com/281220
Generated: 04-28-24

Property Highlights

• Plenary 33 liquor license included in sale.
• Gut renovations completed in 2008
• 20 hotel rooms
• Inground pool
• Off-street parking
• Taxes $24,860 2020

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.

New Jersey / Asbury Park / 07712 / 408 7th Avenue

408 7th Avenue

Asbury Park, NJ 07712

Listing ID: 281220

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Building Size: 9,817 SF

Lot Size: 0.213 AC

Land Size: 9,278 SF

Building $/SF: $417.64

Land $/SF: $441.91

Price

$4,100,000

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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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 Population		15,274	63,803	141,240
Population Median Age		42	42	42
Population by Age	0-9 Yrs	1371 (8%)	6183 (9%)	13682 (9%)
	10-19 Yrs	983 (6%)	6896 (10%)	15538 (11%)
	20-29 Yrs	2399 (15%)	8714 (13%)	18449 (13%)
	30-39 Yrs	2511 (16%)	8136 (12%)	17334 (12%)
	40-49 Yrs	1856 (12%)	6813 (10%)	15201 (10%)
	50-59 Yrs	2377 (15%)	10783 (16%)	22633 (16%)
	60-69 Yrs	2117 (13%)	8626 (13%)	19078 (13%)
	70+ Yrs	1660 (10%)	7653 (11%)	19325 (13%)

Median HH Income		$58,691	$69,936	$75,575
Total Household Income	< 24K	2129 (27%)	5688 (20%)	10100 (16%)
	25-49K	1343 (17%)	4902 (17%)	10275 (17%)
	50-74K	991 (12%)	4179 (14%)	9514 (15%)
	75-99K	847 (10%)	3152 (11%)	7145 (11%)
	100-199K	1560 (20%)	6843 (24%)	16309 (27%)
	200K+	852 (11%)	3163 (11%)	6765 (11%)

Highest Education Level	No Diploma	1225	4309	8499
	Diploma or GED	2981	11928	26203
	Some College	2174	8803	19196
	Assoc. Degree	499	2973	6693
	Bachelors Degree	2984	11497	25927
	Higher Degree	1973	7306	16465

Total Housing Units		9,881	35,047	73,959
--Owner-Occupied		2,440	14,266	34,794
--Renter-Occupied		5,282	13,662	25,313
Owner-Occupied Values	< 100K	29	467	1059
	100-199K	114	892	1616
	200-299K	323	2673	6418
	300-399K	412	3531	8989
	400-499K	418	2207	6113
	500K+	1142	4496	10601

Total Working Age Population		13,251	53,473	118,655
In Work Force		9,117	35,531	77,428
Not In Work Force		4,135	17,942	41,228
Workforce Employed		8,397	33,260	72,680
Workforce Unemployed		720	2,252	4,676
Civlian Workforce		9,117	35,512	77,356
Military Workforce		0	19	71

Total Households		7,722	27,927	60,107
Family Households		3,034	15,102	34,453
Non-Family Households		4,688	12,825	25,655
Married Couple		2,000	10,316	25,260
Other Family		1,034	4,786	9,193
Married w/Child		462	3,071	8,108
Single Male w/Child		131	572	1,069
Single Female w/Child		382	1,943	3,095

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
New Jersey	8,414,350	+4	8,791,894	+4	9,132,700	+4	9,530,900
Monmouth County	615,301	+2	630,380	0	633,400	+3	655,300
Ocean County	510,916	+13	576,567	+4	600,300	+7	644,100

Total Working Age Population:

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Total Working Age Population:

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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.

Common Questions and Answers

What is the asking price for 408 7th Avenue in Asbury Park?

The asking price for 408 7th Avenue is $4,100,000

What is the building size of this Specialty property in Asbury Park, NJ?

The size of the building/unit at 408 7th Avenue in Asbury Park is 9,817 square feet

How much land does the Asbury Park, NJ property at 408 7th Avenue include?

408 7th Avenue in Asbury Park includes 0.213 acres of land

What kind of Specialty is the propery at 408 7th Avenue?

The property at 408 7th Avenue Asbury Park, NJ 07712 is listed as a Hotel/Motel/Resort Specialty property

What is the population within 1 mile of 408 7th Avenue in Asbury Park?

The population within 1 mile of 408 7th Avenue Asbury Park, NJ 07712 is 15,274 people.

Who do I contact for questions about 408 7th Avenue?

You should contact the listing agent, Suzanne Crosby , for any details regarding this commercial listing.

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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