Description:
The historic Catherine Hotel is located on the corner of Crescent Avenue and Pebbly Beach Road, just across the street from the beach at the easterly end of the boardwalk area. It is the closest hotel to the boat dock. A grassy park flanks the Southern most side of the improvement. There are terrific Avalon Bay and Ocean Views from several rooms. A liquor license and Cabaret license were included with the purchase (based on ABC approval). There were 14 bedrooms with baths plus a manager's unit, a dining/dance area, a full bar, undeveloped lot behind the hotel, Viewing decks, cabaret license, liquor license,stainless steel kitchen, indoor and outdoor dining areas. $4,695000 $3,995,000
- Address: 708 Crescent Avenue
- MLS Number: 090069909
- Use: Hotel
- Zoning: AC1: Avalon Commercial
- Assessor’s Parcel Number: 7480-005-003
- Sale date: 02-22-2012
- Transfer date: 03-20-2012
- Sale Price: $2,400,000
- $ per Sq. Ft. $314.83
- Year Built: 1911
- Days on Market:
- Original List Price: $4,695,000
- List Price at point of sale: $3,995,000
- Improvement Sq. Ft.: 7,623
- Lot Size: Sq. Ft. 6,209
- # of Units: 16
- Parking: Small Parking Lot
- View: Excellent Ocean and bay View
- # of Floors/stories: 3
- Condition:Fair to Poor
- Style:
- Condo? HOA Monthly Dues:
- Sale Type:
- Seller Concessions?
- Source: MLS
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