408 7th Avenue, Asbury Park, NJ 07712
$2,750,000
Property Type:
Commercial
Square Footage:
9,817
Lot Size (sq. ft.):
9,278,280
Status:
Closed
Current Price:
$2,750,000
List Date:
12/05/2020
Last Modified:
2/06/2025
Overview
Description
Property operates as a 20 room motel on the top two floors; ground floor is dedicated to full-service dining and bar services. Property includes plenary 33 liquor license. Back lot 50 by 150 is used for off-street parking but is available for development.
Could be converted to a B&B, Multi-Family or Single Family property with variance.
Listing Details MLS# 22042383
Contract Info
- Property Sub-Type
- Commercial
- Sale
- Yes
- Lease
- No
- List Price/SqFt
- 417.64
- New Construction
- No
Location
- House Number
- 408
- Street Name
- 7th
- Street Suffix
- Avenue
- County
- Monmouth
- Municipality
- Asbury Park (ASB)
- Postal City
- Asbury Park
- State
- NJ
- Zip Code
- 07712
- Area/Section
- N Asbury Pk
- Directions
- Between Grand Ave. and Park Ave.
- Other - See Remarks
- Yes
General Property Info
- # Levels
- 3
- Available SqFt
- 9817
- Apx SqFt
- 9817
- Apx Year Built
- 1920
- Garage
- No
- Acreage
- 213
- Lot Dimensions
- 62 by 150; 50 by 150
- Business Name
- Hotel Tides Restaurant & Spa
- Business Operating
- Yes
- Year Established
- 2005
- Franchise
- No
- Farm
- No
- # Elevators
- 0
- # Car Garage
- 0
Tax and Legal
- Asmnt - Total
- 1582099
- Deed Restricted
- No
- Special Assessment
- No
- Taxes
- 24860.55
- Tax Year
- 2020
Status Change Info
- Under Contract Date
- 2021-05-18
- Sold Date
- 2021-10-14
Use
- Bed & Breakfast
- Yes
- Guest House
- Yes
- Hotel/Motel
- Yes
- Restaurant
- Yes
More Information
Zoning
- Residential
- Yes
Lot Description
- Multilot Sub
- Yes
Floors
- Tile
- Yes
- W/W Carpet
- Yes
- Wood
- Yes
Electric
- 110 Volt
- Yes
- Other - See Remarks
- Yes
Basement
- Tenant Storage
- Yes
Gas
- On Site
- Yes
Seat Capacity
- 60 - 99
- Yes
Water Heater
- Other - See Remarks
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Parking
- On Street
- Yes
- Open
- Yes
- Unpaved
- Yes
Assessment Status
- Assessed
- Yes
Construction/Siding
- Clapboard
- Yes
- Wood
- Yes
Roof
- Flat
- Yes
Sale Includes
- Business Name
- Yes
- Equipment/Furniture
- Yes
- Goodwill
- Yes
- License
- Yes
- Training by Owner
- Yes
Property Features
Location:
Other - See Remarks; Other - See Remarks
Use:
Bed & Breakfast; Guest House; Hotel/Motel; Restaurant
Floors:
Tile; W/W Carpet; Wood
Basement:
Tenant Storage
Seat Capacity:
60 - 99
Heating:
Other; See Remarks
Water Heater:
Other - See Remarks
Water:
Public Water
Sewer:
Public Sewer
Gas:
On Site
Electric:
110 Volt; Other - See Remarks
Parking:
On Street; Open; Unpaved
Roof:
Flat
Sale Includes:
Business Name; Equipment/Furniture; Goodwill; License; Training by Owner
Zoning:
Residential
Lot Description:
Multilot Sub
Assessment Status:
Assessed
Listing Office:
Sitar Realty Company
Listing Agent:
Helena Loelius
Last Updated: February - 06 - 2025
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