One of kind opportunity to own, expand, or redevelop one of Asbury Park's prime properties. The Oceanic Hotel is a two story 50 room hotel, with Water views. This property has not been updated, and is being sold AS/IS subject only to standard inspections. Owner is looking for a quick closing. Located in Asbury Park's desirable prime Waterfront Redevelopment Zone, allows up to 8 stories, 100% coverage, and open to condos, apts, hotel, and ideas. Parking ratio will dictate number of units, with every condo requiring 1.5 spaces and every hotel room requiring 1 space. More information available but must sign NDA.
Fenced/Enclosed Area, Oceanside, Sidewalks
Commercial / Industrial / Business
Central Business, Conforming Use, Mixed
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