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24 Unit Motel Prime Location /Boardwalk 126 Sumner Ave 24 Room Hotel Seaside Heights, NJ 08751 $2,800,000 ($116,667/Room)
Investment Highlights
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 70, Route 37, Route 35, Route 9 & Garden State Parkway.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave).
- Motel has an Outside Swimming Pool, Free Wi-Fi & Free Parking.
Executive Summary
- This is 1 of 3 Motels that can be sold as a Portfolio or Individually.
- Associated Motels are located at 129 Sheridan Ave (25 rooms) & 136 Sumner Ave - Seaside Heights, NJ, 08751,(22 rooms).
- This Motel has 24 rooms.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave).
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 37, Route 35, Route 9 & Garden State Parkway.
- Associated Motels are located at 129 Sheridan Ave (25 rooms) & 136 Sumner Ave - Seaside Heights, NJ, 08751,(22 rooms).
- This Motel has 24 rooms.
- The Total units of the Portfolio is 71 rooms.
- This Motel is Located approximately 1 1/2 Blocks from the Beach (Boulevard & Sumner Ave).
- It's approximately a 2 -5 minute walk to to Seaside Heights Boardwalk, Casino Pier, & Breakwater Beach Waterpark.
- Close access to major Highway Corridors; Route 37, Route 35, Route 9 & Garden State Parkway.
Property Facts
| Price | $2,800,000 | Lot Size | 0.25 AC |
| Price Per Room | $116,667 | Building Size | 6,356 SF |
| Sale Type | Investment | No. Rooms | 24 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2005 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | RB - Retail Business Zone -Accommodates Commercial and Retail Activities. Motels, Hotels etc... | ||
| Price | $2,800,000 |
| Price Per Room | $116,667 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,356 SF |
| No. Rooms | 24 |
| No. Stories | 3 |
| Year Built | 2005 |
| Corridor | Exterior |
| Zoning | RB - Retail Business Zone -Accommodates Commercial and Retail Activities. Motels, Hotels etc... |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $65.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-00015-0000-00018 | Improvements Assessment | $596,700 |
| Land Assessment | $1,650,000 | Total Assessment | $2,246,700 |
Property Taxes
Parcel Number
27-00015-0000-00018
Land Assessment
$1,650,000
Improvements Assessment
$596,700
Total Assessment
$2,246,700
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24 Unit Motel Prime Location /Boardwalk | 126 Sumner Ave
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