The White Sands 1205 Ocean Ave 130 Room Hotel Point Pleasant Beach, NJ 08742 $65,500,000 ($503,846/Room)
EXECUTIVE SUMMARY
This is a fantastic redevelopment project 72 Ocean front units as well as an additional 58 units in the main building and lots of room to ad more.
Similar units have recently closed from $1,100,000 to $1,450,000 theses are recent comps for properties built in the 80's
There hasn't been New construction Ocean front property built in over 40 years in Point Pleasant beach. This is a much sought after family friendly community with quaint downtown area a local train station to NY. Call to arrange a private tour. THIS IS A MUST SEE TO BELIEVE NOTHING LIKE IT ON THE JERSEY SHORE!!!!!!
Bradford 732 232 4724 bradford.sine@gmail.com K/W Realtors Ocean Living Point Pleasant Beach NJ 08742
MAIN BUILDING IS
Similar units have recently closed from $1,100,000 to $1,450,000 theses are recent comps for properties built in the 80's
There hasn't been New construction Ocean front property built in over 40 years in Point Pleasant beach. This is a much sought after family friendly community with quaint downtown area a local train station to NY. Call to arrange a private tour. THIS IS A MUST SEE TO BELIEVE NOTHING LIKE IT ON THE JERSEY SHORE!!!!!!
Bradford 732 232 4724 bradford.sine@gmail.com K/W Realtors Ocean Living Point Pleasant Beach NJ 08742
MAIN BUILDING IS
PROPERTY FACTS
| Price | $65,500,000 |
| Price Per Room | $503,846 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.35 AC |
| Building Size | 53,562 SF |
| No. Rooms | 130 |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2016 |
| Tenancy | Single |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Exterior |
| Zoning | RR3 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $300.00 | - |
| Guest Room | 126 | $170.00 | - |
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PROPERTY TAXES
| Parcel Number | 26-00027-0000-00001 | Improvements Assessment | $1,680,000 |
| Land Assessment | $3,276,000 | Total Assessment | $4,956,000 |
